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FX.co ★ EURUSD bouncing from 1st support, facing bullish pressure!

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Forex Analysis:::2021-07-28T07:23:42

EURUSD bouncing from 1st support, facing bullish pressure!

EURUSD has been bouncing above 1st support of 1.18123, in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices are likely to rally towards 1st resistance of 1.18666, in line with 78.6% Fibonacci extension. Prices may reverse to 2nd support, in line with 127.2% Fibonacci extension. Moreover, EMA is holding below prices..

EURUSD bouncing from 1st support, facing bullish pressure!

Analyst InstaForex
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