Reasons to long EURUSD: - Stoch(533) pattern (3 descendent waves near 0); - The price hit the 61% Fibo retracement; - 100% Fibo expansion is the last major resistance (1.10500); - The price came from a up trend;
Before open the long position wait for a candle reversal pattern between 61% nd 76% Fibo retracement.