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

Price is approaching major support at 1.0543 (Fibonacci projection, horizontal swing low support) where we expect a bounce from for a rise towards at least 1.0620 (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing major support at 8.3%.

Buy above 1.0543. Stop loss at 1.0517. Take profit at 1.0620.