EURUSD Bounced Off Support, Prepare For A Further Rise
EURUSD bounced nicely off its support at 1.1288(horizontal swing low support, 61.8% Fibonacci extension,61.8% Fibonacci retracement) where it could potentially bounce to its resistance at 1.1362 (50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.