Price is holding below descending trendline resistance. A short term drop below 1st resistance at 1.28466 towards 1st support at 1.27899 could be likely. Stochastics is testing resistance where price reacted in the past as well.
Trading Recommendation
Entry: 1.28466
Reason for Entry:
61.8% Fibonacci retracement and descending trendline resistance
Take Profit: 1.27899
Reason for Take Profit:
horizontal swing low support
Stop Loss: 1.28814
Reason for Stop Loss:
100% Fibonacci extension and horizontal swing high resistance
