Price is facing bearish pressure from the first resistance level, in line with 61.8% fib retracement and horizontal swing high where we could see a drop to our support level where the 61.8% fib retracement and horizontal overlap support are. Stochastics is also showing that more bearishness is possible.
Trading Recommendation
Entry: 1.3203
Reason for Entry:
61.8% fib retracement and horizontal swing high
Take Profit :1.3119
Reason for Take Profit:
61.8% fib retracement
Stop Loss: 1.3257
Reason for Stop loss:
Horizontal swing high
