FX.co ★ EUR/USD dropped perfectly towards profit target, prepare to buy

Price has dropped absolutely perfectly from our selling area and is fast approaching our profit target. We prepare to buy above major support at 1.1491 (Fibonacci retracement, horizontal pullback support) for a push up to at least 1.1583 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,5,3) is seeing strong support above 6% where we expect a corresponding bounce from.

Buy above 1.1419. Stop loss is at 1.1430. Take profit is at 1.1583.