Price is facing bullish pressure as it continues to hold above the moving average support. We could potentially see further upside above 1st support, in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal overlap support, towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
Trading Recommendation
Entry: 1.25115
Reason for Entry:
50% Fibonacci retracement, 100% Fibonacci extension and horizontal overlap support
Take Profit: 1.25905
Reason for Take Profit:
61.8% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1.24490
Reason for Stop Loss:
78.6% Fibonacci retracement and horizontal swing low support
