Get started
easyMarkets

EURUSD approaching major support, watch for a potential bounce!

Long
Euro / U.S. Dollar (FX:EURUSD)  
easyMarkets Broker  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD Forex forexsignals GBP aud CAD jpy
83
1
trendanalysis harmonicpatterns chartpattern eurusd eur usd forex forexsignals gbp aud cad jpy
EURUSD is approaching major support at 1.1493 (Fibonacci extension, major swing low support, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 1.1560 (Fibonacci extension, horizontal pullback resistance).

RSI (55) sees bullish divergence vs price signalling that a bounce is impending.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.