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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD profit target reached perfectly, prepare to buy on major support

Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.1956 (Fibonacci retracement, horizontal overlap support, ascending support) for a push up to at least 1.2083 resistance (Fibonacci extension, horizontal swing high resistance, fill price gap).

Stochastic (34,3,1) is seeing major support above 6% and we expect a corresponding bounce above this level similar to the one we're expecting on price.

Buy above 1.1956. Stop loss at 1.1901. Take profit at 1.2083.

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