FX.co ★ EUR/USD approaching strong support, prepare to buy

Price has been dropping strongly from last week. We look to buy above major support at 1.1712 (Fibonacci retracement, horizontal swing low support, Fibonacci extension area) for a push up to at least 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance).Stochastic (55,3,1) is seeing strong support above 1.8% and has good upside potential.

Buy above 1.1712. Stop loss at 1.1633. Take profit at 1.1811.