Price holding above ascending trendline support and moving average. A bounce above intermediate support at 1.31512 towards 1st resistance at 1.32393 can be expected. Bullish scenario will remain intact as long as price is above 1st support at 1.31309
Trading Recommendation
Entry: 1.31512
Reason for Entry:
Moving average support
Take Profit: 1.32393
Reason for Take Profit:
Recent swing high 61.8% and -27.2% Fibonacci retracement
Stop Loss: 1.31309
Reason for Stop Loss:
61.8% Fibonacci retracement, 61.8% Fibonacci extension