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EURUSD approaching strong resistance,prepare potential reaction

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Euro / USA-dollar (FX:EURUSD)  
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FX:EURUSD   Euro / USA-dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal
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trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal
EURUSD is approaching strong resistance at 1.2365 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2165 (Fibonacci extension, major horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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