Price testing and holding below descending trendline resistance and key fibonacci retracement level. A short term drop below 1st resistance at 103.721 towards 1st support at 103.590 could be expected.
Trading Recommendation
Entry: 103.721
Reason for Entry:
61.8% Fibonacci retracement,descending trendline resistance and moving average resistance
Take Profit: 103.590
Reason for Take Profit:
Graphical swing low support
Stop Loss: 103.477
Reason for Stop Loss:
Horizontal swing high resistance
