Price has dropped strongly from our selling area and reached our profit target perfectly. We are now seeing major support at 0.9408 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong bounce could occur at this level to push the price up to the 0.9486 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 3.3% where a corresponding bounce could occur.
Buy above 0.9408. Stop loss at 0.9375. Take profit at 0.9486.
