EUR/USD Bounced Off Support, Prepare For Further Rise
January 11, 2019 7:21 am
The EUR/USD pair bounced 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) bounced off its support at 3.2% where a corresponding rise could occur.
EUR/USD has rebounded from its support where we expect to see a further rise.
Buy above 1.1489. Stop loss at 1.1431. Take profit at 1.1567.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD pair bounced 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) bounced off its support at 3.2% where a corresponding rise could occur.
EUR/USD has rebounded from its support where we expect to see a further rise.
Buy above 1.1489. Stop loss at 1.1431. Take profit at 1.1567.
The material has been provided by InstaForex Company – www.instaforex.com
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