Price is facing bearish pressure from the first resistance level, in line with 78.6% fib extension and 50% fib retracement where we could see a drop to our support level where the horizontal swing low is. The EMA is also showing resistance for the price.
Trading Recommendation
Entry: 1.31091
Reason for Entry:
78.6% fib extension and 50% fib retracement
Take Profit :1.3046
Reason for Take Profit:
Horizontal swing low
Stop Loss: 1.3138
Reason for Stop loss:
Horizontal swing high
