Price broke above descending trendline resistance (now support). A further push up above 61.8% Fibonacci retracement and intermediate support at 1.30289 towards 1st resistance at 1.31407 can be expected.
Trading Recommendation
Entry: 1.30289
Reason for Entry:
61.8% Fibonacci retracement, descending trendline support
Take Profit: 1.31407
Reason for Take Profit:
61.8% Fibonacci retracement
Stop Loss: 1.29952
Reason for Stop Loss:
Graphical swing low