• H4 support at 0.7025.
• 38.2% Fibonacci support at 0.7020 (taken from the low 0.6863).
• Weekly support at 0.7035 (fixed levels should be considered as zones rather than a definite price level in the market).
• The large psychological support number seen just below at 0.7000.
However, our buy zone for this trade is seen between the 127.2%/161.8% Fibonacci extensions of the pattern (yellow area at 0.6978/0.7013). Should price hit our zone of interest today, we would, if there is no high-impacting news on the docket, look to go long at market from here owing to the confluence currently being seen. Stops, at least for us, would be best placed beyond the 161.8% Fibonacci level around the 0.6070 mark. In regards to targets, we’re looking at the mid-level resistance 0.7050 as our first take-profit level, followed by the 0.7100 figure as a close second.