EURUSD has started to drop perfectly from our major . Now major resistance is changed to 1.2208 ( , horizontal overlap resistance, breakout level) and a further drop from this level could occur pushing price down to 1.2090 support ( , horizontal pullback support).
(55,5,3) is seeing major resistance below 97% and has good downside potential.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice.