Prices are currently facing bullish pressure from our support at 0.72117, in line with the horizontal pullback support and 23.6% Fibonacci retracement where we might see a push up towards our resistance at 0.72676, in line with the graphical swing high resistance and 78.6% fibonacci retracement. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Trading Recommendation
Entry: 0.72117
Reason for Entry:
horizontal pullback support and 23.6% Fibonacci retracement
Take Profit: 0.72676
Reason for Take Profit:
78.6% Fibonacci retracement and horizontal swing high resistance
Stop Loss: 0.71836
Reason for Stop Loss:
61.8% Fibonacci retracement and 61.8% Fibonacci extension
