Price is facing bullish pressure from our first support in line with our ascending trend line, horizontal pullback support, 61.8% fibonacci retracement where we could see a bounce above this level to our first resistance level. Stochastic is approaching our support as well.
Trading Recommendation
Entry: 106.361
Reason for Entry:
Ascending trend line, horizontal pullback support, 61.8% fibonacci retracement
Take Profit: 107.076
Reason for Take Profit:
Horizontal swing high resistance, 78.6% fibonacci extension
Stop Loss: 105.875
Reason for Stop Loss:
horizontal swing low support, 100% fibonacci extension
