Bullish bounce off pullback support?EUR/USD is falling towards the support level which is a pullback support that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.1274
Why we like it:
There is a pullback support level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection.
Stop loss: 1.1145
Why we like it:
There is a pullback support level that line sup with the 61.8% Fibonacci retracement and the 100% Fibonacci projection.
Take profit: 1.1415
Why we like it:
There is a pullback resistance level.
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