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Klimex
Jan 25, 2019 3:12 AM

EURUSD approaching support, potential bounce! Long

Euro Fx/U.S. DollarFXCM

Description

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.
Trading CFDs on margin carries high risk.
Comments
TradeIndicators
Perfect call on this trade! Way to go :) We've been working on a strategy to call the bottom of EURUSD and though this might be of interest to you. Great job and you have our like!
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