Price is approaching major support once again at 1.0900 (Fibonacci retracement, horizontal overlap support) and we look to buy above this level for a small bounce to 1.0975.
Stochastics (34,5,3) is in an oversold zone signalling a reversal is approaching.
RSI (21) is right above ascending support signalling a bounce is impending.
Buy above 1.0900. Stop loss is at 1.0875. Take profit is at 1.0975.
