FX.co ★ EURUSD facing bullish pressure. Bounce incoming!

EURUSD holding above ascending trendline support. A short term push up above key 61.8% Fibonacci retracement and 1st support at 1.21085 towards graphical swing high at 1st resistance 1.21304 could be possible.

Trading Recommendation

Entry: 1.21085

Reason for Entry:

61.8% Fibonacci retracement, ascending trendline support

Take Profit: 1.21304

Reason for Take Profit:

Graphical swing high resistance

Stop Loss: 1.20929

Reason for Stop Loss:

Graphical swing low support