Price holding below descending trendline resistance and also testing moving average resistance. A short term drop below 1st resistance at 82.443 towards 1st support at 82.272 can be expected.
Trading Recommendation
Entry: 82.443
Reason for Entry:
76.4% Fibonacci retracement, descending trendline resistance
Take Profit: 82.272
Reason for Take Profit:
38.2% Fibonacci retracement
Stop Loss: 82.625
Reason for Stop Loss:
Recent swing high
