The price has dropped perfectly as expected and reached our profit target. We prepare to turn bullish above 121.11 support (Fibonacci projection, horizontal support, and Fibonacci retracement) for a bounce up to at least 122.00 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is approaching strong support at 4.9% where we expect a bounce from.
Buy above 121.11. Stop loss is at 120.48. Take profit is at 122.00.