ICmarkets
Long

EURUSD Approaching Support, Potential Bounce

FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching its support at 1.1354 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 1.1411 (50% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
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