Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support at 1.2930 if price breaks below downside confirmation at 1.3005. Ichimoku is also indicating more bearishness to come.
Trading Recommendation
Entry: 1.3005
Reason for Entry:
100% fib extension
Take Profit :1.2930
Reason for Take Profit: 161.8% fib extension
Stop Loss: 1.3051
Reason for Stop loss:
Horizontal overlap resistance
