FX.co ★ EUR/USD testing support, potential for strong bounce!

EURUSD is testing our first support where we are expecting a strong bounce above this level.

Entry: 1.10653

horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit : 1.11126

Why it's good : 50% Fibonacci retracement, horizontal pullback resistance