The price has plummeted from our selling area perfectly to our profit target. We prepare to buy on major support at 1.1747 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 1.1855 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support at 1.1% where we expect a corresponding bounce from.
Buy above 1.1747. Stop loss is at 1.1708. Take profit is at 1.1855.