The price is approaching major support at 108.27 (Fibonacci extension, horizontal swing low support, channel support) where we expect a bounce from to push price up to at least 109.46 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 3.4% where we expect a corresponding bounce from.
Buy above 108.27. Stop loss is at 107.92. Take profit is at 109.46.
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