FX.co ★ EURUSD is facing bullish pressure from our ascending support line

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