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EURUSD approaching support, potential bounce!

Oleh Tickmill
Broker
EURUSD is approaching our first support at 1.1187 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.1283 (horizontal pullback resistance, 38.2% Fibonacci retracement).
Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsEUREURUSDeurusdlongeurusdshortHarmonic PatternsTrend AnalysisUSD
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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