EURUSD approaching support, watch for potential bounce!

1 ต.ค. 2018

EURUSD is approaching our first support at 1.1509 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1654 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and a strong bounce above this level might see a corresponding rise in price.
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