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