Price is approaching our major support at 0.7653 (horizontal overlap support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 0.7843 (76.4% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching our major support level, a good precursor of a potential rise in price should it bounce off this level.
Stochastic (89,5,3) is also approaching our major support level, a good precursor of a potential rise in price should it bounce off this level.