Price has dropped perfectly from our resistance level to our profit target on Friday. We turn bullish above 112.65 major support (Fibonacci projection, horizontal support, bullish divergence) for a push up to 113.94.
RSI (34) is seeing major support at 24% and has displayed bullish divergence vs price.
Stochastic (34,5,3) is above major support at 4% and also displaying bullish divergence vs price.
Buy above 112.65. Stop loss at 112.03. Take profit at 113.94.
