As you can see from the chart, there is a nice Fibonacci lined up as the prices dropped down to the 0.76500, which is the 0.5 extension level, buyers came in and prices went up to the minor resistance-support area where you can enter your trade as a buyer if you missed the fibo levels. Take profit is the key level 0.78 which is a major resistance area and also the fibo -0.27 extension gives us the same level for our take profit target which is perfect.