EURUSD approaching resistance, potential drop!

٢٦ فبراير ٢٠١٩

EURUSD is approaching our first resistance at 1.1375 (50%, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6869 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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