Prices are facing bullish pressure from pivot level which is in line with 50% Fibonacci retracement and 100% Fibonacci extension . Prices might push up towards 1st support which is in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension . If prices fall through pivot level, prices might take support on 1st support which is in line with 38.2% Fibonacci retracement level. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Trading Recommendation
Entry: 1.96020
Reason for Entry:
Horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement
Take Profit: 1.97842
Reason for Take Profit:
-27.2% fibonacci retracement, 127.2% fibonacci extension
Stop Loss: 1.95339
Reason for Stop Loss:
Horizontal swing low support, 38.2% fibonacci retracement
