Price has dropped as expected and reached our profit target from previously. We now look to go bullish from here for a small rise to at least 0.9710 above our 0.9610 support (Fibonacci projection, descending support line, EUR/USD correlation).
Stochastics (21,5,3) is also seeing a bounce from the 6% support level signaling a bullish move in progress.
Buy above 0.9610. Stop loss at 0.9520. Take profit at 0.9710.
The material has been provided by InstaForex Company - www.instaforex.com