The price has started to bounce up nicely from our buying level. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing a nice bounce above 4% with good upside potential. A recent bullish divergence also signals that a strong bounce is impending.
Buy above 0.7577. Stop loss is at 0.7556. Take profit isat 0.7642.
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