EURUSD testing major support, time to start buying
Buy above 1.1839. Stop loss at 1.1775. Take profit at 1.1948.
Reason for the trading strategy (technically):
Price is now testing major support at 1.1839 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect to see a bounce from this level to push price up to at least 1.1948 resistance (Fibonacci retracement, fill price gap).
Stochastic (34,3,1) is turning up nicely form our 3% support.
Reason for the trading strategy (technically):
Price is now testing major support at 1.1839 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect to see a bounce from this level to push price up to at least 1.1948 resistance (Fibonacci retracement, fill price gap).
Stochastic (34,3,1) is turning up nicely form our 3% support.
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