See also
26.02.2024 06:17 AM
The EUR/USD, the potential bullish bounce scenario is as follows:
Description: The chart indicates a potential bullish bounce, with significant support identified at two levels.
Support Levels:
The 1st support level is at 1.0784, characterized by "Pullback support." This level suggests a historical area where the price has retraced before continuing its upward movement.
The 2nd support level is positioned at 1.0666, noted as "An Overlap support." This level represents a historical zone where price has found support, coinciding with previous price action.
Resistance Levels:
The 1st resistance level is observed at 1.0886, designated as "Multi-swing high resistance." This level indicates a historical barrier where the price has encountered selling pressure after reaching previous swing highs.
The 2nd resistance level is located at 1.0993, recognized as "An Overlap resistance." Like the 1st resistance, it represents another historical level where the price has struggled to move above due to selling pressure.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
