EURUSD approaching support, potential bounce!

19 בספט׳ 2018

EURUSD is approaching our first support at 1.1613 (horizontal overlap support, 61.8%, 100% fibonacci extension, 61.8% fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1732 (horizontal swing high resistance, 61.8% fibonacci extension).
Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in price.
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