Price is approaching our first support where we could see a bounce above this level to our first resistance target. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Trading Recommendation
Entry: 0.88739
Reason for Entry:
horizontal swing low support, 78.6% fibonacci retracement
Take Profit: 0.89147
Reason for Take Profit:
Horizontal swing high resistance, 100% fibonacci extension
Stop Loss: 0.88589
Reason for Stop Loss:
Horizontal swing low support
