Price continues holding above the ascending trendline and is currently testing the support at 1.24426 which is in line with the horizontal overlap resistance and 74.6% Fibonacci retracement. We can expect price to rise up to the horizontal swing high at 1.28081 which is in line with the 100% FIbonacci extension. Our bullish bias is further supported by how the stochastic is shown to be resisting off the hidden support at 6.74.
