Price is testing 1st support, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback support. We could see a bounce and further upside towards 1st resistance, in line with 61.8% Fibonacci retracement and horizontal swing high resistance. Stochastics is also approaching the lower 15.19 support where we could see a bounce, showing signs of bullish pressure as well.
Trading Recommendation
Entry: 0.89754
Reason for Entry:
61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback support
Take Profit: 0.90245
Reason for Take Profit:
61.8% Fibonacci retracement and horizontal swing high resistance
Stop Loss: 0.89472
Reason for Stop Loss:
78.6% Fibonacci retracement and horizontal swing low support
