EURUSD approaching major support, watch for a potential bounce!

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Euro / Dollar AS (FX:EURUSD)

FX:EURUSD Euro / Dollar AS

trendanalysis harmonicpatterns chartpattern eurusd eur usd forex forexsignals gbp aud cad jpy

EURUSD is approaching major support at 1.1493 (Fibonacci extension, major swing low support, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 1.1560 (Fibonacci extension, horizontal pullback resistance).

RSI (55) sees bullish divergence vs price signalling that a bounce is impending.

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