ICmarkets

EURUSD Bounced Off Support, Potential Rise!

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD bounced nicely off its support at 1.1140 (100% & 61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.1167 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off near its support at 4.6% where a corresponding rise could occur.

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