FX.co ★ EUR/USD profit target reached perfectly, turn bullish

The price dropped perfectly to our profit target yesterday. Today we turn bullish right on the major support at 1.1135 (channel support, Fibonacci projection) for a push up to 1.1190 at least.

Stochastics (21,3,3) is right above 6% major support.

RSI (34) is displaying bullish divergence vs price, signalling a bullish bounce is expected.

Buy above 1.1135. Place stop loss at 1.1100 and take profit at 1.1190.