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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD: look to buy on dips for a bullish rise

Price is near a strong support level at 1.1125 (Fibonacci projection, horizontal support) where we expect a bounce from to at least 1.1200 major resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastics (34,3,3) is right above major support at 4%.

Buy above 1.1125. Stop loss is at 1.1075. Take profit is at 1.1200.

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The material has been provided by InstaForex Company - www.instaforex.com