Price is approaching our first support, in line with our horizontal swing low support and 61.8% fibonacci extension where we could see a bounce above this level to our first resistance target.
Trading Recommendation
Entry: 1.20562
Reason for Entry:
horizontal swing low support and 61.8% fibonacci extension
Take Profit: 1.21183
Reason for Take Profit:
Horizontal swing high resistance, 50% fibonacci retracement, 100% Fibonacci extension
Stop Loss: 1.20340
Reason for Stop Loss:
78.6% fibonacci extension
