EUR/USD approaching resistance, potential drop!

EURUSD is approaching our first resistance at 1.1351 (horizontal pullback resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level to our first support level at 1.1284 (horizontal swing low support, 38.2% Fibonacci extension ).

Stochastic is also approaching resistance where we might see a corresponding drop in price.

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Losses can exceed the initial investment so please ensure you fully understand the risks.


The material has been provided by InstaForex Company -

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