EURUSD testing major support, potential bounce!
EURUSD is testing major support at 1.2164 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing price up to 1.2409 resistance (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 1.2048 which is a 50% long term fibonacci retracement, 61.8% Fibonacci retracement and also a 100% Fibonacci extension level).
Stochastic (34,5,3) i seeing major support above 2.2% where a corresponding bounce could occur.
Stochastic (34,5,3) i seeing major support above 2.2% where a corresponding bounce could occur.
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