The price is bouncing up nicely above major support at 85.60 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we look to buy on weakness at this level for a bounce to at least 86.97 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 7% which stochastic is fast approaching.
Buy above 85.60. Stop loss is at 84.88. Take profit is at 86.97.
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