Price has dropped perfectly and reached our profit target. We prepare to buy above 0.9959 support (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to 1.0012 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing strong support above the 2.5% level and also displays bullish divergence vs price signalling that a bullish reversal is impending.
Buy above 0.9959. Stop loss at 0.9925. Take profit at 1.0012.
