Price is facing bullish pressure from our first support in line with our ascending channel's support and 38.2% fibonacci retracement, where we could see a further upside above this level. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target.
Trading Recommendation
Entry: 1.21236
Reason for Entry:
ascending channel's support and 38.2% fibonacci retracement
Take Profit: 1.22239
Reason for Take Profit:
78.6% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1.20863
Reason for Stop Loss:
78.6% Fibonacci extension and horizontal swing low support