On the H4, with price moving in an ascending trendline, we have a bullish bias that price will continue to rise from the 1st support at 0.62921 in line with the pullback support and 23.6% fibonacci retracement to the 1st resistance at 0.63955 in line with the swing high and 50% fibonacci retracement and 78.6% fibonacci projection. Alternatively, price may reverse off the 1st support and drop to the 2nd support at 0.62466 at the swing low.
Trading Recommendation
Entry: 0.62921
Reason for Entry:
Pullback support and 23.6% fibonacci retracement Take Profit: 0.63955
Reason for Take Profit:Swing high and 50% fibonacci retracement and 78.6% fibonacci projectionStop Loss: 0.62466
Reason for Stop Loss:
Swing low