Price broke below ascending trendline support (now resistance) and is also holding below moving average. A further drop below 1st resistance at 0.71651 towards 1st support at 0.71256 can be expected.
Trading Recommendation
Entry: 0.71651
Reason for Entry:
23.6% Fibonacci retracement, ascending trendline resistance
Take Profit: 0.71256
Reason for Take Profit:
-27.2% Fibonacci retracement
Stop Loss: 0.71908
Reason for Stop Loss:
61.8% Fibonacci retracement
