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Euro / U.S. Dollar
Long

EURUSD has made a bullish exit, potential rally!

By Tickmill
Broker

EURUSD has broke major resistance-turned-support at 1.1819 (23.6% Fibonacci retracement, horizontal overlap support, bullish exit of descending resistance) and this has triggered a potential bullish exit that could see price rise all the way to major resistance at 1.1873 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 3.9% and is bouncing up nicely with good upside potential.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

Chart PatternsEURUSDeurusdforecasteurusdideaeurusdlongeurusdoutlookeurusdpredictioneurusdshorteurusdsignaleurusdtradeHarmonic PatternsTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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