Buy above 112.59. Stop loss at 112.29. Take profit at 113.49.
Reason for the trading strategy (technically):
We remain bullish above 112.59 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.49 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 8% level.
Reason for the trading strategy (technically):
We remain bullish above 112.59 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.49 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 8% level.
