EURUSD broke above descending trendline resistance (now support) and is also holding above moving average as well. A further push up above 1.16628 towards 1st resistance at 1.16870 is expected.
Trading Recommendation
Entry: 1.16628
Reason for Entry:
38.20% fib retracement, moving average
Take Profit : 1.16870
Reason for Take Profit:
61.8% fib retracement
Stop Loss: 1.16490
Reason for Stop loss:
61.8% fib retracement, descending trendline support
