Price is facing bullish pressure from our first support level, in line with our horizontal pullback support and 38.2% fibonacci retracement where a break above our upside confirmation could provide the bullish acceleration to our first resistance level.
Trading Recommendation
Entry: 1.19117
Reason for Entry:
61.8% Fibonacci extension and 78.6% Fibonacci retracement
Take Profit: 1.20263
Reason for Take Profit:
127.2% Fibonacci retracement
Stop Loss: 1.18491
Reason for Stop Loss:
horizontal pullback support and 38.2% fibonacci retracement
