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EUR/USD Approaching Resistance, Prepare For A Reversal

EUR/USD is approaching its resistance at 1.1423 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.1350 (50% Fibonacci retracement, horizontal swing high support).

Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.

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

Sell below 1.1423. Stop loss 1.1475. Take profit at 1.1350.

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