EURUSD approaching support, potential bounce!
EURUSD is approaching our first support at 1.1717 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where it might potentially rise to our first resistance at 1.1999 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also bouncing off our support, a good precursor for a potential rise in price.
Stochastic (89,5,3) is also bouncing off our support, a good precursor for a potential rise in price.
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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.