Price holding above ascending trendline support, with technical indicators showing room for further bullish upside. A further push up above 1st support at 0.79158 towards 1st resistance at 0.79592 can be expected.
Trading Recommendation
Entry: 0.79158
Reason for Entry:
50% Fibonacci retracement, ascending trendline resistance
Take Profit: 0.79592
Reason for Take Profit:
-27.20% Fibonacci retracement, 100% Fibonacci extension
Stop Loss: 0.78804
Reason for Stop Loss:
Recent swing low
