The EUR/USD pair bounced off its support at 1.1489 (38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.1567 (horizontal swing high resistance).
Stochastic (34, 5, 3) bounced off its support at 3.2% where a corresponding rise could occur.
EUR/USD has rebounded from its support where we expect to see a further rise.
Buy above 1.1489. Stop loss at 1.1431. Take profit at 1.1567.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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