EURUSD approaching support, potential bounce!
Updated
extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1611 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Note
EURUSD is approaching our first support at 1.1301 (horizontal overlap support, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1611 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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