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EURUSD approaching strong resistance,prepare potential reaction

FX:EURUSD   Fx Euro/Dolar U.S
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.

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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This analysis is provided as general market commentary and does not constitute investment advice.
agree!
Balas
that will be nice 1.2165 Regards Matt
Balas
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