FX.co ★ EUR/USD approaching support, potential bounce!

Price is approaching our first support at 1.26885 where we are expecting a bounce to our first resistance level at 1.28410.

Entry: 1.09994

78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

Take Profit : 1.10654

Why it's good : 38.2% Fibonacci retracement, horizontal overlap resistance, previous breakout level