Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

EUR/USD Approaching Resistance, Prepare For A Reversal

September 14, 2018 Analytics

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EUR/USD is approaching its resistance at 1.1656 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

EUR/USD is approaching its resistance where we expect to see a reversal.

Sell below 1.1656. Stop loss 1.1694. Take profit at 1.1567.

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The material has been provided by InstaForex Company – www.instaforex.com

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