EURUSD Approaching Resistance, Potential Reversal

EURUSD Approaching Resistance, Potential Reversal

EURUSD is approaching its resistance at 1.1514 (100% Fibonacci extension x2, 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1.1365 (100%Fibonacci extension , 50% Fibonacci retracement , Horizontal swing low support).

Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.

 

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