Price holding below descending trendline and moving average resistance. A drop below 1st resistance at 1.31328 towards 1st support at 1.30864 can be expected.
Trading Recommendation
Entry: 1.31328
Reason for Entry:
Descending trendline resistance, 50% Fibonacci retracement, Moving average resistance
Take Profit: 1.30864
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 1.31523
Reason for Stop Loss:
Graphical swing high
