EURUSD approaching support, potential for a bounce!
EURUSD is approaching its support at 1.2284 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, multiple swing low support) where could potentially bounce and rise to is 1st resistance at 1.2381 (5% Fibonacci retracement, horizontal overlap resistance). If it surpasses this level, it could rise to its 2nd resistance at 1.2436 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance). We have also identified another support at 1.2225 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its support at 1.81% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is approaching its support at 1.81% 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.