EURUSD holding above ascending trendline support. With price holding above moving average as support, we see a probability of a further push up above our 1st support at 1.17996 towards graphical swing high resistance and 2nd resistance at 1.18452.
Trading Recommendation
Entry: 1.17996
Reason for Entry:
38.2% Fibonacci retracement, Ascending trendline support, moving average support
Take Profit: 1.18452
Reason for Take Profit:
Graphical swing high
Stop Loss: 1.17751
Reason for Stop Loss:
61.8% Fibonacci retracement