EUR/USD approaching support, potential for big bounce!

EURUSD is approaching our first support where we are expecting a bounce above this level.

Entry: 1.09876

Why it's good : 61.8% fibonacci retracement, horizontal swing low support, 61.8% fibonacci extension

Stop Loss : 1.09659

Why it's good : horizontal swing low support, 100% fibonacci extension

Take Profit : 1.10252

Why it's good: 100% Fibonacci extension, horizontal overlap resistance, 38.2% fibonacci retracement