Price is approaching a key support at 0.6584 where we expect to see a bounce up to its resistance at 0.6671. Stochastic is also at support where a corresponding bounce is expected.
Entry : 0.6584
Why it's good : horizontal swing low support, long term 76.4% fibonacci retracement, long & short term 100% fibonacci extension
Stop Loss : 0.6506
Why it's good : horizontal swing high resistance
Take Profit : 0.6671
Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement
