EURUSD Bounced Off Support, Prepare for A Further Rise!

EURUSD bounced nicely off its support at 1.1315(61.8% Fibonacci retracement , Horizontal pullback support, 100% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance 1.1373 (100% Fibonacci retracement , 50% Fibonacci retracement, horizontal swing high resistance ).

Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.

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