EURUSD approaching resistance, potential drop!

١٤ مايو ٢٠١٩

Price is approaching our first resistance (horizontal pullback resistance, 78.6%, 50% Fibonacci retracement, 100% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal pullback support, 61.8% Fibonacci retracement, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.