Price holding below descending trendline resistance and moving average. MACD also looking to cross below 0. A drop below 1st resistance at 80.575 towards 1st support at 80.206 is possible.
Trading Recommendation
Entry: 80.575
Reason for Entry:
38.2% Fibonacci retracement, Moving average resistance
Take Profit: 80.206
Reason for Take Profit:
61.8% and -27.2% Fibonacci retracement
Stop Loss: 1.30864
Reason for Stop Loss:
Descending trendline resistance, Graphical swing high
