EURUSD is seeing major support above 1.1835 (Fibonacci retracement, horizontal overlap support) and a strong bounce could occur above this level for it to rally towards 1.1940 resistance (Fibonacci extension, horizontal swing high resistance). Our next major level of support is at 1.1773 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) sees ascending support hold up stochastic really well, could be sign of further bullish momentum.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) sees ascending support hold up stochastic really well, could be sign of further bullish momentum.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results