Price holding below descending trendline resistance. MACD looking to cross below 0 as well showing a build up of bearish momentum. A drop below 1st resistance at 80.691 towards 1st support at 80.395 can be expected.
Trading Recommendation
Entry: 80.691
Reason for Entry:
Descending trendline resistance, 38.2% Fibonacci retracement
Take Profit: 80.395
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 80.821
Reason for Stop Loss:
61.8% Fibonacci retracement
