EURUSD bounced nicely off its support at 1.2295 (61.8% Fibonacci retracement, horizontal overlap support) where it is now testing its 1st resistance at 1.2341 (50% Fibonacci retracement, horizontal overlap resistance). If it surpasses this level, it could potentially rise to its 2nd resistance at 1.2379 (61.8% Fibonacci extension, horizontal swing high resistance). However, we have also identified a descending resistance line that could hold prices down. If prices breaks past its 1st support, we could potentially see price falling to its 2nd support at 1.2237 (100% Fibonacci extension, horizontal overlap support).
Stochastic (89, 5, 3) is in the middle where it could either rise or fall.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.