Price may retrace from 1st resistance at 110.815 at 141.4% Fibonacci extension to 1st support at 109.326 in line with 78.6% Fibonacci extension. Otherwise price may rise to 2nd resistance at 111.675 in line with horizontal swing high.
Trading Recommendation
Entry: 110.815
Reason for Entry:
141.4% Fibonacci extension
Take Profit: 109.326
Reason for Take Profit:
61.8% Fibonacci extension
Stop Loss: 89.130
Reason for Stop Loss:
141.4% Fibonacci extension
