On the H4, prices have broken the bearish trend moving into a bullish biased trend. Price is pulling back to test the first resistance 1.027, which coincides with 61.8% Fibonacci projection and 50% retracement. If prices break 1st resistance, it will test the 2nd resistance at 1.03533. Alternatively, If price fails to break the first resistance it might test the first support at 1.011 level
Trading Recommendation
Entry: 1.0115
Reason for Entry:
Pullback
Take Profit: 1.0278
Reason for Take Profit:50% Fibonacci retracement
Stop Loss: 1.007
Reason for Stop Loss:
Swing low intermediate support level
