FX.co ★ EUR/USD profit target reached perfectly once again, prepare to buy

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.