FX.co ★ EUR/USD testing major support, time to start buying

The price is now testing major support at 1.1839 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect to see a bounce from this level to push the price up to at least 1.1948 resistance (Fibonacci retracement, fill price gap).

Stochastic (34,3,1) is turning up nicely form our 3% support.

Buy above 1.1839. Stop loss is at 1.1775. Take profit is at 1.1948.