MEX_Exchange

EURUSD testing major support, remain bullish

Long
FX:EURUSD   Euro / U.S. Dollar

Buy above 1.1747. Stop loss at 1.1708. Take profit at 1.1855.
Reason for the trading strategy (technically):
Price has reached our buying area and is testing it. We remain bullish looking to buy on major support at 1.1747 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 1.1855 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support at 1.1% and bouncing up nicely from it.
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