Price is testing our first resistance, in line with our descending trend line and 61.8% fibonacci retracement, where we could see a reversal below this level to our first support target.
Trading Recommendation
Entry: 0.66817
Reason for Entry:
descending trend line and 61.8% fibonacci retracement
Take Profit: 0.66053
Reason for Take Profit:
Horizontal swing low support, 78.6%, 100% fibonacci extension
Stop Loss: 0.67042
Reason for Stop Loss:
Horizontal swing high resistance, 61.8% fibonacci extension
