easyMarkets
Long

EURUSD approaching support, potential bounce

FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching our first support at 1.1291 (horizontal swing low support, 100% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1426 (horizontal overlap resistance, 50% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching our first support where we might see a corresponding bounce in price.
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Good job.
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Perfect call on the bounce! We were able to call this bounce perfectly as well with our indicators. I love your channel and how accurate you are, great work!
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Glad I stumbled on your ideas. Following. You nailed your forecast today! Hope you made some dough!
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