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EURUSD: Daily Chart showing strong support at 1.06

FX:EURUSD   Fx Euro/Dolar U.S.
138 1 8
Daily chart showing strong support at 1.06 level having trend line's third point not violating till now. With Stoch RSI is set to move above 80 the pair is looking to bounce to 1.08 level before trending to downwards. If it move upwards from current level the pair may form Head and Should Pattern. It has good risk to reward ratio at present The 1.057 is key support level if it breaks down the pair may head towards 1.04 level initially.
good one
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