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theforexarmy
Jan 23, 2017 5:50 AM

EURUSD Daily Key Elements 

Euro Fx/U.S. DollarFXCM

Description

EURUSD major levels of resistance:
1.0850 (Fibonacci retracement, horizontal pullback resistance, bearish candlestick rejection level)

EURUSD major levels of support:
1.0435 (Long term Fibonacci projection, horizontal support)
1.0350 (Fibonacci projection, bullish candlestick reversal)

EURUSD technical indicators:
Stochastic (21,5,3) is seeing major support at the 3.75% level where we have seen price bounce off correspondingly multiple time in the past and has good upside potential still after the recent bounce.
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