EURUSD testing overlap support, potential for bounce | 24 June

EURUSD testing overlap support, potential for bounce | 24 June for FOREXCOM:EURUSD by FXCM

EURUSD testing overlap support, potential for bounce | 24 June

Euro / U.S. Dollar FOREXCOM:EURUSD



EURUSD drifted lower and is coming close to our entry where we have 50% Fibonacci retracement and also graphical overlap support at 1.19082. A short-term bounce towards our take profit at 1.20048 and Fibonacci confluence zone could be possible. Stochastic is also testing support where price bounced in the past as well.

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