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ICmarkets
Jan 14, 2019 3:21 AM

EURUSD Bounced Off Support, Potential Further Rise Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD bounced nicely off its support at 1.1452 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 1.1570 (Horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off its support at 4.3% where a corresponding rise could occur.
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