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.
