ICmarkets

EURUSD Bounced Off Support, Potential A Further Rise

Long
FX:EURUSD   Euro / Dollar Américain
EURUSD bounced nicely off its support at 1.1489 (38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.1567 (horizontal swing high resistance).
Stochastic (34, 5, 3) is bounced off its support at 3.2% where a corresponding rise could occur.

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