Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 78.6% Fibonacci extension and 50% Fibonacci extension. Prices might push up further towards 1st resistance in line with 78.6% Fibonacci extension. If prices fall through 1st support, prices might take support on 2nd support which is in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. EMA is also below prices, showing a bearish pressure for prices.
Trading Recommendation
Entry: 0.73905
Reason for Entry:
Ascending trendline support, horizontal swing low support, 50% Fibonacci retracement, 78.6% Fibonacci extension
Take Profit: 0.74140
Reason for Take Profit:
Horizontal swing high resistance, 78.6% Fibonacci extension
Stop Loss: 0.73798
Reason for Stop Loss:
Horizontal swing low support, 78.6% Fibonacci retracement, 127.2% Fibonacci extension