ICmarkets
Long

EURUSD Approaching Support, Potential Bounce

FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching its support at 1.1189 (100% & 61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.1374 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.2% where a corresponding bounce could occur.
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Played the move down and getting ready for the next trade setup! Great TA! You have our "like"!
+1 Reply
Thanks, i already had a similar idea on EURUSD few weeks ago, and i have been short ever since. already up 160 pips on it still looking for more
+1 Reply
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