EUR/USD approaching support, potential bounce!

EURUSD is approaching our first support at 1.1187 (horizontal swing low support, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce to our major resistance at 1.1283 (horizontal overlap resistance, 38.2% Fibonacci retracement ) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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