Price testing and reacting above ascending trendline support. A further push up above 1st support at 1.25075 towards 1st resistance at 1.25734 could be possible. Technical indicators show room for further upside as well.
Trading Recommendation
Entry: 1.25075
Reason for Entry:
50% Fibonacci retracement, Ascending trendline support
Take Profit: 1.25734
Reason for Take Profit:
-27.2% and -61.8% Fibonacci retracement
Stop Loss: 1.24621
Reason for Stop Loss:
Graphical swing low
