EUR/USD bounce expected, time to start buying for a correction

The price is now testing major support at 1.1776 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) and we expect to see a bounce above this level to push the price up to at least 1.1865 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,3,1) is seeing major support above 1.8% where we’re starting to see a bounce from.

Buy above 1.1776. Stop loss is at 1.1727. Take profit is at 1.1865.

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