The price is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.5879 Why we like it: There is an overlap resistance level that is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.5914 Why we like it: There is an overlap resistance level.
Take profit: 0.5839 Why we like it: There is a pullback support level.
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