EUR/USD has dropped perfectly from our selling area yesterday and is close to our profit target. We look to take profit and go bullish from here because the elements have changed.
1.1125 is a strong Fibonacci retracement level + graphical overlap support + Bollinger Band support. This tells us that we should be closing out our short position and to go long from here.
Stochastics (21,5,3) is also turning up from support level.RSI (21) is also turning up from 33% support.
Trading Recommendations :
Buy above 1.1125.
Stop loss at 1.1055.
Take profit at 1.1225.
