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

The price has dropped strongly towards our profit target as expected. We prepare to buy above major support at 1.1712 (Fibonacci retracement, horizontal swing low support) for a bounce up to at least 1.1811 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is approaching major support at 1.6% where a corresponding bounce is expected.

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