EUR/USD testing major support, prepare to buy




The price is seeing major support at 1.1691 (Fibonacci extension, horizontal swing low support) and we expect to see a bounce above this level towards 1.1795 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing nice support above 13% and also sees an intermediate ascending support line push price up.

Buy above 1.1691. Stop loss is at 1.1645. Take profit is at 1.1795.



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