Price tested and reacted above ascending trendline support. A further push up above 1st support at 1.25625 towards 1st resistance at 1.26023 could be possible. Technical indicators show room for further upside as well.
Trading Recommendation
Entry: 1.25625
Reason for Entry:
50% Fibonacci retracement, ascending trendline resistance
Take Profit: 1.26023
Reason for Take Profit:
-27.2% Fibonacci retracement, Graphical swing high resistance
Stop Loss: 1.25409
Reason for Stop Loss:
Last swing low support
