FX.co ★ EURUSD testing support, potential bounce!

Price is facing bullish pressure from our 1st support, where we could see a bounce above this level. 1st support happens to be the 38% fib retracement lines up with the horizontal overlap support. Ichimoku is also suggesting a possible bounce.

Trading Recommendation

Entry: 1.1835

Reason for Entry:

38% fib retracement

Take Profit :1.1865

Reason for Take Profit: Horizontal swing high

Stop Loss: 1.1820

Reason for Stop loss:

61.8% fib retracement, 61.8% fib extension