EURUSD approaching resistance, potential drop!

١٩ ديسمبر ٢٠١٨

EURUSD is approaching our first resistance at 1.1401 (horizontal swing high resistance, 78.6% fibonacci retracement , 100% fibonacci extension ) and a strong drop might occur below this level pushing price down to our major support at 1.1322 (61.8% fibonacci extension , 61.8% fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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