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EURUSD is facing bullish pressure, potential for further upside!

Long
Euro / U.S. Dollar (SAXO:EURUSD)  
TradeGATEHub  
SAXO:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD
73
5
trendanalysis harmonicpatterns chartpattern eurusd eur usd
Price is approaching our 1st support at 1.21277, in line with our 100% Fibonacci extension level, 61.8% fibonacci retracement and horizontal pullback support. We could potentially see a bounce and further upside towards our 1st resistance at 1.22067, in line with our 100% Fibonacci extension and 127.2% fibonacci retracement. Price is also holding above the Ichimoku cloud and 20 EMA, showing bullish pressure in line with our analysis.
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