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Klimex

EURUSD approaching support, potential bounce!

Long
Euro / U.S. Dollar (FX:EURUSD)  
Klimex  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Harmonic Patterns EURUSD EUR USD eurlong eurshort eurtrade
50
1
trendanalysis chartpattern harmonicpatterns eurusd eur usd eurlong eurshort eurtrade
EURUSD is approaching our first support at 1.1286 (horizontal swing low support, 100% Fibonacci extension 78.6 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1421 (50% Fibonacci retracement , horizontal overlap resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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