Description:
Price holding above both moving average and ascending trendline support. A further push up above 1st support at 80.487 towards 1st resistance at 81.070 can be expected.
Trading Recommendation
Entry: 80.487
Reason for Entry:
Ascending trendline support, 38.2% Fibonacci retracement
Take Profit: 81.070
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 80.292
Reason for Stop Loss:
61.8% Fibonacci retracement
