Price is at descending trendline resistance where it could potentially swing towards support at 109.113, in-line with 78.6% Fibonacci Retracement and 61.8% Fibonacci Extension. Otherwise, price may bullish above the 1st resistance at 110.147 in line with 61.8% Fibonacci retracement and 50% Fibonacci extension towards 2nd resistance 110.546 in line with 78.6% Fibonacci Retracement and 61.8% Fibonacci Extension.
Trading Recommendation
Entry: 110.147
Reason for Entry:
61.8% Fibonacci retracement and 50% Fibonacci extension
Take Profit: 109.113
Reason for Take Profit:
78.6% Fibonacci Retracement and 61.8% Fibonacci Extension
Stop Loss: 110.549
Reason for Stop Loss:
78.6% Fibonacci Retracement and 61.8% Fibonacci Extension
