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FX.co ★ EURUSD, H1 | Bullish rise towards key retracement

EURUSD, H1 | Bullish rise towards key retracement

EURUSD, H1 | Bullish rise towards key retracement

Price has broken a key resistance-turned-support at 1.0572 which is our overlap support and now our buy entry. We could see prices now rise towards our next major resistance at 1.0624 which is a pullback resistance and 61.8% Fibonacci retracement.

If price were to reverse and drop, then the next key support would be at 1.0536.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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