EURUSD approaching support, potential bounce!

EURUSD is approaching our first support at 1.1622 (horizontal swing low support, 61.8% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 132.26 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price should it react off this level.
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