EUR/USD approaching support, potential for big bounce!

EURUSD is approaching our first support level.

Entry: 1.10589

Why it's good : 23.6% Fibonacci retracement, horizontal overlap support

Stop Loss : 1.10365

Why it's good : 38.2% Fibonacci retracement

Take Profit : 1.11049

Why it's good: 100% Fibonacci extension, horizontal swing high resistance