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Home / Analysis / Forex Analysis / EURUSD H1 | Bullish Bounce Off Key Support

EURUSD H1 | Bullish Bounce Off Key Support

Momentum: Bullish
Price is currently above the ichimoku cloud.

Buy entry: 1.16883
– Overlap support
– 71% Fib retracement
– 78.6% Fib projection

Stop Loss: 1.16547
– Swing low support

Take Profit: 1.17377
– Swing high resistance

High Risk Investment Warning

Stratos Markets Limited (fxcm.com/uk), Stratos Europe Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Stratos Global LLC (fxcm.com/en): Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (ā€˜Company’, ā€˜we’) by a third-party provider (ā€˜TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.

Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au

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