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ICmarkets

EURUSD reversed nicely off its resistance, potential to drop!

Short
Euro / US-Dollar (FX:EURUSD)  
ICmarkets Broker  
FX:EURUSD   Euro / US-Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdshort Forex forexsignals Bitcoin (Cryptocurrency) BTCUSD BTC
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trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdshort forex forexsignals bitcoin btcusd btc
EURUSD reversed nicely off its resistance at 1.1825 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall further to its support at 1.1647 (horizontal overlap support, 61.8% Fibonacci retracement). We do have to be cautious of the intermediate support at 1.1741 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 4) reversed nicely off its resistance and still has downside potential.
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