EUR/USD is expected to rebound, the time to start buying for a correction




The price is now testing a major support to 1.1776 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) and we expect to see a rally above this level will push the price up to at least 1.1865 resistance (Fibonacci retracement, horizontal overlap of the resistance).

Stochastic (34,3,1), it is to see a major support to the above of 1.8% in the case where we start to see a rebound.

Buy above 1.1776. Stop loss is at 1.1727. Take profit is at 1.1865.



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