The price has dropped perfectly and reached our profit target. We now look to buy above 0.7619 support (Fibonacci retracement, Fibonacci extension, and horizontal overlap support) for a push up to 0.7684 resistance (Fibonacci retracement, recent swing high resistance). Stop loss is at 0.7583 (Fibonacci retracement, horizontal pullback resistance) in case the price drops further.
Stochastic (21,5,3) is seeing strong support above the 3.8% where we expect a bounce from.
Buy above 0.7619. Stop loss is at 0.7583. Take profit is at 0.7684.
