FX:EURUSD   Euro / U.S. Dollar
long idea


Nice idea on EURUSD and there may be bullish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first support that we have identified is at 1.1310 (100% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support), which lies just below the upper limit of your support zone. Stochastic is approaching its support at 2.1% where a corresponding bounce could occur. If a bounce does occur, we may look at the 1.1351 resistance level (50% Fibonacci retracement , horizontal pullback resistance). Please have a look at our idea and share with us what you think.

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