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Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level to our first resistance target.
Reason for Entry:
horizontal pullback support, 50% fibonacci retracement and 78.6% fibonacci extension
Take Profit: 1.21805
Reason for Take Profit:
Horizontal swing high resistance
Stop Loss: 1.21216
Reason for Stop Loss:
78.6% fibonacci retracement, 127.2% fibonacci extension
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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