Price is facing bearish pressure from the first resistance level, in line with the horizontal swing high where we could see a drop to our support level where the horizontal pullback support is. The MACD is also showing further bearishness to come.
Trading Recommendation
Entry: 1.3141
Reason for Entry:
Horizontal swing high , 100% fib retracement
Take Profit :1.3097
Reason for Take Profit:
Horizontal pullback support
Stop Loss: 1.3161
Reason for Stop loss:
Horizontal swing high
