Nice idea on EURUSD and there may be bullish bias as you have identified. For our set up, we have identified the key resistance and support levels. The support that we have identified is at 1.1189 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement , horizontal swing low support). Stochastic (89,5,3) is approaching its support at 1.2% and a potential bounce could occur. If a potential bounce does occur, we may want to look at the 1.1374 resistance (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Sander0161
⋅
@ICmarkets, Thanks for sharing your idea. Very nice. I Agree with your idea on the Major Resistance level. Lets see how things develop indeed.
Sander0161
⋅
We could see a pullback at 1,14200 - 1,14300 before we hit the target of 1,15000
t.me/Sander0161