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Euro / Dollaro
Long

EURUSD bounced nicely off its support, potential to rise further

Di ICmarkets
Broker
EURUSD bounced nicely off its support at 1.2376 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its 1st resistance at 1.2475 (78.6% Fibonacci retracement) or to its 2nd and 3rd resistance at 1.2491 (100% Fibonacci extension, channel exit potential, 61.8% Fibonacci extension) and 1.2534 (100% Fibonacci extension, horizontal swing high resistance). We have also identified another support at 1.2359 (61.8% Fibonacci retracement).

Stochastic (89, 5, 3) bounced nicely off its support where a corresponding rise could occur.
Bitcoin (Cryptocurrency)Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsHarmonic PatternsTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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