easyMarkets

EURUSD approaching support, potential bounce!

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching our first support at 1.1333 (horizontal swing low support, 78.6% Fibonacci retracement , ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1421 (horizontal overlap resistance, 38.2% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching our first support where we might see a corresponding bounce in price.
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