EURUSD is approaching our first resistance at 1.1365 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1186 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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