FX.co ★ EURUSD is facing bullish pressure, potential for further rise!

Price is facing bullish pressure from our first support level, in line with our horizontal pullback support and 38.2% fibonacci retracement where a break above our upside confirmation could provide the bullish acceleration to our first resistance level.

Trading Recommendation

Entry: 1.19117

Reason for Entry:

61.8% Fibonacci extension and 78.6% Fibonacci retracement

Take Profit: 1.20263

Reason for Take Profit:

127.2% Fibonacci retracement

Stop Loss: 1.18491

Reason for Stop Loss:

horizontal pullback support and 38.2% fibonacci retracement