Showing posts with label EUR/USD appraoching resistancce. Show all posts
Showing posts with label EUR/USD appraoching resistancce. Show all posts

EUR/USD appraoching resistancce, potential bounce!

EURUSD is approaching our first support at 1.11744 (100% Fiboancci extesion, 61.8% Fiboancci retracement, horizontal swing low support) where a strong bounce to our first resistance at 1.13369 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) might occur. Stochastic is also approaching support where we might see a bounce above this level.

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The material has been provided by InstaForex Company - www.instaforex.com