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Tickmill
May 17, 2018 4:05 AM

EURUSD has made a bullish exit, potential rally! Long

Euro Fx/U.S. DollarFXCM

Description


EURUSD has broke major resistance-turned-support at 1.1819 (23.6% Fibonacci retracement, horizontal overlap support, bullish exit of descending resistance) and this has triggered a potential bullish exit that could see price rise all the way to major resistance at 1.1873 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 3.9% and is bouncing up nicely with good upside potential.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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