Price is facing bearish pressure from our first resistance in line with descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level.
Trading Recommendation
Entry: 1.74448
Reason for Entry:
descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension
Take Profit: 1.72774
Reason for Take Profit:
Horizontal overlap support, 61.8% fibonacci retracement, 78.6% fibonacci extension
Stop Loss: 1.75041
Reason for Stop Loss:
horizontal swing high resistance
