The price is now above major support at 1.0800 (Fibonacci extension, horizontal support, and bullish divergence) where we expect a bounce up to at least reach the 1.0896 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above the 3.3% level and also displays bullish divergence vs. the price which signals that a bullish reversal is impending.
Buy above 1.0800. Stop loss is at 1.0760. Take profit is at 1.0896.
