Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 100%, 127.2% Fibonacci extension and horizontal pullback support. We could see a bounce and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. RSI is also holding above the ascending trendline support, as well as price, showing signs of further bullish pressure.
Trading Recommendation
Entry: 1.69887
Reason for Entry:
61.8% Fibonacci retracement, 100%, 127.2% Fibonacci extension and horizontal pullback support
Take Profit: 1.70583
Reason for Take Profit:
61.8% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1.69374
Reason for Stop Loss:
161.8% Fibonacci extension and horizontal swing low support
