Price is testing our first support, in line with our ascending trend line, graphical pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level. A break above our upside confirmation could see a further push up to test our first resistance target.
Trading Recommendation
Entry: 1.37006
Reason for Entry:
ascending trend line, graphical pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension
Take Profit: 1.37767
Reason for Take Profit:
78.6% fibonacci extension
Stop Loss: 1.36642
Reason for Stop Loss:
61.8% fibonacci retracement, 78.6% fibonacci extension