EURUSD approaching support, potential bounce!

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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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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.
Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD

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