EURUSD approaching support, watch for potential bounce!

2018년 6월 27일

EURUSD is approaching our first support at 1.1626 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above that level pushing price up to our major resistance at 1.1723 (Horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also bouncing off our support and we might see a corresponding rise in price.
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