EURUSD approaching support, potential bounce!
EURUSD is approaching our first support at 1.1717 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where it might potentially rise to our first resistance at 1.1999 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also bouncing off our support, a good precursor for a potential rise in price.
Stochastic (89,5,3) is also bouncing off our support, a good precursor for a potential rise in price.
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