Bullish outlook on EURUSD: 2 August 2022
On the H4 timeframe, prices are testing a key support level at 1.010 where we could see further upside. A throwback to support level 1.0180, in line with the 61.8% Fibonacci extension provides an opportunity to play the bounce, with 1.0380 as the resistance target which coincides with the 50% Fibonacci retracement.
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.