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EURUSD approaching support, potential bounce!

Por ICmarkets
Corretora
EURUSD is approaching our first support at 1.1717 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where it might potentially rise to our first resistance at 1.1999 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also bouncing off our support, a good precursor for a potential rise in price.


Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD
ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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