Price is facing bearish pressure from our first resistance in line with our descending trend line, horizontal pullback resistance and 61.8% fibonacci retracement where we remain bearish below this level and could see a further drop to our first support target.
Trading Recommendation
Entry: 0.71587
Reason for Entry:
descending trend line, horizontal pullback resistance and 61.8% fibonacci retracement
Take Profit: 0.71095
Reason for Take Profit:
Horizontal swing low support, 100% fibonacci extension
Stop Loss: 0.71879
Reason for Stop Loss:
horizontal swing high resistance, 61.8% fibonacci extension
