EURUSD bounced nicely off its support, potential to rise further
EURUSD bounced nicely off its support at 1.1938 (61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support) where price could potentially rise to its resistance at 1.2157 (50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal pullback resistance). We do have to be cautious of the intermediate resistance at 1.2064 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) bounced off its support at 1.005% where a corresponding rise could occur.
Stochastic (89, 5, 3) bounced off its support at 1.005% where a corresponding rise could occur.
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