Price is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports, in line with our bullish bias. We could see further upside above 1st support, in line with 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, towards 1st resistance, in line with 100% Fibonacci extension and horizontal swing high resistance.
Trading Recommendation
Entry: 1.83972
Reason for Entry:
23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support
Take Profit: 1.85241
Reason for Take Profit:
100% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1.83307
Reason for Stop Loss:
61.8% Fibonacci retracement, 161.8% Fibonacci extension and horizontal swing low support
