Price is facing bearish pressure from our resistance levels where we could see a reversal below this level. The Ichimoku cloud and the 50 period EMA are showing signs of bearish pressure as well.
Trading Recommendation
Entry: 0.65687
Reason for Entry:
50% fibonacci retracement and 61.8% fibonacci extension
Take Profit: 0.64811
Reason for Take Profit:
-27% fibonacci retracement and100% fibonacci extension
Stop Loss: 0.65984
Reason for Stop Loss:
Horizontal overlap resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension
