EURUSD is approaching support, watch for potential bounce!

2018년 10월 23일

EURUSD is approaching our first support at 1.1432 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1502 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
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