EURUSD Bounced Off Support, Prepare For A Further Rise

26 Mar 2019

EURUSD bounced nicely off its support at 1.1288(horizontal swing low support, 61.8% Fibonacci extension,61.8% Fibonacci retracement) where it could potentially bounce to its resistance at 1.1362 (50% Fibonacci retracement).

Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.