EURUSD approaching support, potential bounce!

FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching our first support at 1.1278 (100% fibonacci extension , 76.4% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1426 (horizontal swing high resistance, 61.8% fibonacci extension , 78.6% fibonacci retracemen, descending channel resistance).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice.


At the moment it's making it's downtrend, good entry at 1.13277
So far so good.
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