Price is approaching 1st support, in line with 61.8% Fibonacci retracement , 161.8% Fibonacci extension and horizontal overlap support. We could see a bounce and further upside towards 1st resistance, in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback resistance. RSI is also showing signs of bullish pressure, in line with our analysis.
Trading Recommendation
Entry: 1.67693
Reason for Entry:
61.8% Fibonacci retracement , 161.8% Fibonacci extension and horizontal overlap support
Take Profit: 1.69044
Reason for Take Profit:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback resistance
Stop Loss: 1.66865
Reason for Stop Loss:
61.8% Fibonacci extension and horizontal swing low support