Price is facing bullish pressure from our first support level, in line with our horizontal pullback support, 127.2% fibonacci extension, ascending trend line and 38.2% fibonacci retracement where we could see a further bounce above this level.
Trading Recommendation
Entry: 1.32513
Reason for Entry:
horizontal pullback support, 127.2% fibonacci extension, ascending trend line and 38.2% fibonacci retracement
Take Profit: 1.33913
Reason for Take Profit:
100% fibonacci extension
Stop Loss: 1.32008
Reason for Stop Loss:
50% fibonacci retracement
