Price holding above ascending trendline support and stochastics also testing support where price bounced in the past. A bounce reaction above 1st support at 1.31590 towards 1st resistance at 1.32286 can be expected.
Trading Recommendation
Entry: 1.31728
Reason for Entry:
Ascending trendline support
Take Profit: 1.32286
Reason for Take Profit:
Recent swing high, 61.8% Fibonacci extension
Stop Loss: 1.31590
Reason for Stop Loss:
Recent swing low
