FX.co ★ EURUSD facing bullish pressure, potential for further upside!

Prices are facing bullish pressure from horizontal swing low support and ascending trendline support, in line with 100% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up further towards 100% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence. If prices push down further, prices might take support from 127.2% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.

Trading Recommendation

Entry: 1.21752

Reason for Entry:

Horizontal swing low support, ascending trendline support, 100% Fibonacci extension, 78.6% FIbonacci retracement

Take Profit: 1.22786

Reason for Take Profit:

100% FIbonacci extension, -27.2% Fibonacci retracement

Stop Loss: 1.21262

Reason for Stop Loss:

127.2% Fibonacci retracement, 161.8% Fibonacci extension