Entry Price: 1.2620 (to confirm potential breakout and capture upward momentum) Take Profit: 1.2750 Stop Loss: 1.2570 Confidence Level: 72%
Justification: Price Action: Reduction in bearish momentum and formation of potential base at lower Bollinger Band. Volume: Stability and consistent volumes suggest controlled movements. Indicators: Bullish divergence in MACD on shorter timeframes and Bollinger Band squeeze indicate upward breakout potential. Support and Resistance: Placing stop loss below immediate support to manage risk.