EUR/USD bouncing off major support, remain bullish

EUR/USD has bounced off our buying area. The plan for today is to remain bullish above 1.0853 support (Fibonacci retracement, horizontal support) for a push up to 1.0948 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 2% from where we expect a bounce. Correlation analysis: EUR/USD and USD/CHF are negatively […]