Price testing and reacting above ascending trendline support. A further push up above 1st support at 108.707 towards 1st resistance at 108.935 could be possible. Technical indicators show room for further upside as well.
Trading Recommendation
Entry: 108.707
Reason for Entry:
76.4% Fibonacci retracement, Ascending trendline support
Take Profit: 108.935
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 108.610
Reason for Stop Loss:
Graphical swing low
