Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

EUR/USD Approaching Support, Prepare For A Bounce!

July 18, 2018 Analytics

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EURUSD is approaching its support at 1.1635 (61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, horizontal swing low support) where it could rise to its resistance at 1.1745 (76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur.

EURUSD is approaching its support where a bounce is expected.

Buy above 1.1635. Stop loss 1.1567. Take profit at 1.1745.

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