Price is approaching major support at 1.0925 (a descending support line, horizontal overlap support, Fibonacci retracement) where we expect a bounce from to at least 1.0975.
Stochastics (21,5,3) is also approaching major support level at 13% where we expect a similar bounce from.
Buy above 1.0925. Stop loss is at 1.0900. Take profit is at 1.0975.
The material has been provided by InstaForex Company - www.instaforex.com