Price is facing bullish pressure from our ascending support line in line with our horizontal overlap support, 50% fibonacci retracement where we could see a bounce above this level to our first resistance target.
Trading Recommendation
Entry: 1.18148
Reason for Entry:
ascending support line, horizontal overlap support, 50% fibonacci retracement
Take Profit: 1.18846
Reason for Take Profit:
61.8% fibonacci retracement , horizontal swing high resistance
Stop Loss: 1.17859
Reason for Stop Loss:
Horizontal swing low support, 61.8% fibonacci retracement