EURUSD approaching support, potential bounce!
EURUSD is approaching our first support at 1.1914 (horizontal swing low support, 61.8%, 76.4% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance target at 1.2088 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also seeing a bearish divergence and is bouncing off our major support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also seeing a bearish divergence and is bouncing off our major support where we might see a corresponding rise 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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