Buy above 0.6871. Stop loss at 0.6838. Take profit at 0.6944.
Reason for the trading strategy (technically):
We look to buy above major support at 0.6871 (Fibonacci retracement, horizontal overlap support) push a push up to at least 0.6944 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a bounce from.
Reason for the trading strategy (technically):
We look to buy above major support at 0.6871 (Fibonacci retracement, horizontal overlap support) push a push up to at least 0.6944 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a bounce from.