easyMarkets
Long

EURUSD bounced off support, potential for further rise!

FX:EURUSD   Euro / U.S. Dollar
Price bounced off our first support (horizontal swing low support, 78.6% Fibonacci retracement , 61.8%, 100% Fibonacci extension ) where we might see a rise in price to our major resistance (horizontal overlap resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ).
Stochastic is also bouncing off support where we might see a further rise.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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