EURUSD Approaching Support, Potential For A Bounce!
EURUSD is approaching support at 1.1620 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where a bounce up to its resistance at 1.1711 (76.4 Fibonacci retracement, horizontal overlap resistance) could occur. We do have to be cautious of the intermediate resistance at 1.1663 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
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.