FX.co ★ EUR/USD remain bullish for a bounce

The price has continued to drop further as we look to buy above major support at 1.1747 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.1878 resistance (Multiple Fibonacci retracements, horizontal overlap resistance, Fibonacci extension).

Stochastic (89,5,3) is seeing major support above 1.1% where we are expecting a bounce from.

Buy above 1.1747. Stop loss is at 1.1709. Take profit is at 1.1878.