Klimex

EURUSD approaching Support, Prepare For A Bounce

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching its support at 1.1310(100% Fibonacci extension, 61.8 % Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 1.1422 (horizontal swing high resistance, 61.8% Fibonacci extension).

Stochastic (55, 5, 3) is testing its support where a corresponding bounce is expected.

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