Price is facing bearish pressure from the first resistance level, in line with 127% fib retracement and horizontal swing high where we could see a drop to our support level where the 78% fib retracement is. Stochastics is also showing resistance to the price.
Trading Recommendation
Entry: 1.3267
Reason for Entry:
127% fib retracement ,horizontal swing high
Take Profit :1.3293
Reason for Take Profit:
78% fib retracement
Stop Loss: 1.3346
Reason for Stop loss:
Horizontal swing high
