FIL | Recovery Range Breakout | $1.2238 Market Read FIL is attempting to recover after defending a long term support region. Price structure is improving as buyers continue building higher lows beneath resistance. Key Levels 🟢 Demand zone: 1.18 - 1.14 🛡 Structural support: 1.07 🔴 Breakout trigger: 1.29 🎯 Upside targets: 1.38 / 1.49 / 1.66 Structure Signal Price is compressing beneath supply while maintaining support stability — a constructive bullish continuation setup. Bull Scenario If 1.29 breaks: Recovery toward 1.38 Continuation into 1.49 Momentum expansion may test 1.66 Risk Scenario If 1.18 fails: Retrace toward 1.14 likely Lose 1.07, bullish structure weakens sharply Momentum Pulse RSI gradually recovering into bullish territory MACD maintaining early upside crossover Volume profile suggests accumulation near support Execution Plan Support bid: around 1.18 Breakout entry: above 1.29 Invalidation: below 1.07 Bias Score: 7.7/10 Bullish FIL is showing constructive recovery behavior after prolonged downside pressure. A confirmed breakout above 1.29 could trigger stronger upside continuation. $FIL