EURUSD Approaching Support, Potential For A Bounce!
EURUSD is approaching support at 1.1620 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where a bounce up to its resistance at 1.1711 (76.4 Fibonacci retracement, horizontal overlap resistance) could occur. We do have to be cautious of the intermediate resistance at 1.1663 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
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