EUR/USD is approaching its support at 1.1306 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.1397 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.5% where a corresponding bounce could occur.
EUR/USD is approaching its support where we expect to see a bounce.
Buy above 1.1306. Set stop loss at 1.1234 and take profit at 1.1397.
