Price is approaching our 1st support, in line with our 23.6%, 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further rise up towards 1st resistance, in line with our 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above the moving average support, showing bullish pressure in line with our bullish bias.
Trading Recommendation
Entry: 0.96885
Reason for Entry:
23.6%, 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support
Take Profit: 0.92799
Reason for Take Profit:
61.8% Fibonacci extension and horizontal swing high resistance
Stop Loss: 0.96516
Reason for Stop Loss:
38.2% Fibonacci retracement and horizontal swing high resistance