EURUSD testing its resistance at 1.2264 (horizontal overlap resistance, breakout level) where it could potentially fall to its 1st support at 1.2198 (100% Fibonacci extension, 61.8% Fibonacci extension). If it breaks this support, it could fall to its next support at 1.2160 (horizontal swing low support). We have also identified 2 other resistances at 1.2292 and 1.2354 (horizontal overlap resistance)
RSI (89, 5, 3) show a descending channel which contributes to our bearish bias.
RSI (89, 5, 3) show a descending channel which contributes to our bearish bias.
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