EURUSD holding above ascending trendline support, showing that the trend has changed. With technical indicators now showing room for further bullish momentum, A further push up above our 1st support at 1.18600 towards our 1st resistance at 1.18951 could be possible.
Trading Recommendation
Entry: 1.18600
Reason for Entry:
38.2% Fibonacci retracement, ascending trendline support
Take Profit: 1.18951
Reason for Take Profit:
-27.20% Fibonacci retracement, Graphical swing high resistance
Stop Loss: 1.18467
Reason for Stop Loss:
61.8% FIbonacci retracement
