Price is facing bullish pressure as it holds above the moving average and Ichimoku cloud support. We could see price bounce at 1st support, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and further rise up above ascending trendline support, towards 1st resistance, in line with 100% Fibonacci extension and horizontal swing high resistance.
Trading Recommendation
Entry: 1.24149
Reason for Entry:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support
Take Profit: 1.24869
Reason for Take Profit:
100% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1.23654
Reason for Stop Loss:
161.8% Fibonacci extension and horizontal swing low support
