EURUSD approaching support, watch for potential bounce!
EURUSD is approaching our first support at 1.1626 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above that level pushing price up to our major resistance at 1.1723 (Horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also bouncing off our support and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also bouncing off our support and we might see a corresponding rise 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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