EURUSD look to buy on weakness for a last push up
Buy above 1.1805. Stop loss at 1.1705. Take profit at 1.1963.
Reason for the trading strategy (technically):
We look to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.
Reason for the trading strategy (technically):
We look to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.
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