Stop loss at 1.1416.
Take profit at 1.1661.
Reason for the trading strategy (technically):
EURUSD is approaching its support at 1.1518(61.8% , 61.8% , horizontal overlap support) where it could potentially bounce to its resistance at 1.1661 (50% , horizontal overlap resistance).
(55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.