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FX.co ★ EUR/USD profit target reached again, prepare to buy

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Forex Analysis:::2016-10-11T05:35:18

EUR/USD profit target reached again, prepare to buy

Price reached our profit target for the fourth time in a row. We now look to buy above 1.1130 major support (Fibonacci projection, Fibonacci retracement) for a push up to 1.1205 target.

Stochastics (21,3,3) is above 6% support where multiple bounces have occurred previously.

Buy above 1.1130. Stop loss at 1.1100. Take profit at 1.1205

EUR/USD profit target reached again, prepare to buy

Analyst InstaForex
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