FX.co ★ EURUSD holding above ascending trendline support! Push higher incoming!

EURUSD holding above ascending trendline support, showing that the trend has changed. With technical indicators now showing room for further bullish momentum, A further push up above our 1st support at 1.18600 towards our 1st resistance at 1.18951 could be possible.

Trading Recommendation

Entry: 1.18600

Reason for Entry:

38.2% Fibonacci retracement, ascending trendline support

Take Profit: 1.18951

Reason for Take Profit:

-27.20% Fibonacci retracement, Graphical swing high resistance

Stop Loss: 1.18467

Reason for Stop Loss:

61.8% FIbonacci retracement