EURUSD testing major support, potential bounce!
EURUSD is testing major support at 1.2164 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing price up to 1.2409 resistance (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 1.2048 which is a 50% long term fibonacci retracement, 61.8% Fibonacci retracement and also a 100% Fibonacci extension level).
Stochastic (34,5,3) i seeing major support above 2.2% where a corresponding bounce could occur.
Stochastic (34,5,3) i seeing major support above 2.2% where a corresponding bounce could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.