EUR/USD profit target reached, prepare to turn bullish

Price has dropped perfectly towards our profit target from yesterday. Today we turn bullish above major support at 1.0688 (Fibonacci retracement, horizontal overlap support) where we expect a bounce to at least 1.0808 (Fibonacci retracement, horizontal swing high resistance).

Stochastic (21,5,3) is seeing major support at 9%.

Buy above 1.0688. Stop loss at 1.0623. Take profit at 1.0808.

The material has been provided by InstaForex Company - www.instaforex.com

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