EURUSD approaching its support, potential for a bounce!

EURUSD approaching its support at 1.2260 (61.8% Fibonacci retracement, horizontal overlap support). We have also identified an impulsive Elliot Wave, where price could potentially rise to its 1st resistance at 1.2346 (horizontal pullback resistance) or if it breaks past this level, could potentially rise further to its 2nd resistance at 1.2411 (horizontal swing high resistance). We have also identified another support at 1.2221 (76.4% Fibonacci retracement).
Stochastic (55, 5, 3) shows it approaching its support at 2.47% where a corresponding reaction could occur.

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Dagangan aktif:

Price bounced perfectly to our first resistance level! We would have to keep a watch out at this level as price might reversed a little before moving up to our major resistance. Did you get in on this trade?