Approaching Support, Prepare To Buy On Weakness
EURUSD is approaching its support at 1.2169 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing low support) where we expect to see a bounce, pushing price up all the way to its resistance at 1.2446 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swingh high resistance). We have also identified another support level at 1.2073 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its support at 1.23% where we expect to see a corresponding bounce.
Stochastic (89, 5, 3) is approaching its support at 1.23% where we expect to see a corresponding bounce.
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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.