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

August 30, 2018 Analytics

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EUR/USD is approaching its resistance at 1.1749 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.1529 (50% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

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

Sell below 1.1749. Stop loss 1.1857. Take profit at 1.1529.analytics5b87b425bf07a.jpg

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

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