Price approaching ascending trendline support and technical indicators are also showing room for further bullish momentum. A bounce above 1st support at 105.835 towards 1st resistance at 106.150 can be expected.
Trading Recommendation
Entry: 105.835
Reason for Entry:
Ascending trendline support, Moving average support, 61.8% Fibonacci retracement
Take Profit: 106.150
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 105.701
Reason for Stop Loss:
Recent swing low
