Price is facing bearish pressure from our first resistance in line with our horizontal swing high resistance, 78.6% fibonacci retracement and 78.6% fibonacci extension where we could see a drop below this to our first support target.
Trading Recommendation
Entry:1.2790
Reason for Entry:
horizontal swing high resistance, 78.6% fibonacci retracement and 78.6% fibonacci extension
Take Profit: 1.2745
23.6% fibonacci retracement
Stop Loss: 1.2832
Reason for Stop Loss:
horizontal swing high resistance
