Prices are facing bullish pressure from ascending trendline support in line with 100% Fibonacci extension and 127.2% Fibonacci retracement . Prices might push up towards horizontal swing high resistance in line with 161.8% Fibonacci extension . If prices push down further, prices might take support from 161.8% Fibonacci retracement and 161.8% Fibonacci extension . Stochastics is also taking support from 10.44 level, potential for a bounce.
Trading Recommendation
Entry: 1.21769
Reason for Entry:
Horizontal swing low support, 100% Fibonacci extension, 127.2% Fibonacci retracement
Take Profit: 1.22387
Reason for Take Profit:
Horizontal swing high resistance, 161.8% Fibonacci extension
Stop Loss: 1.21448
Reason for Stop Loss:
Horizontal swing low support, 161.8% Fibonacci retracement, 161.8% Fibonacci extension
