Price holding below descending trendline resistance. With technical indicators showing room for further bearish momentum, a drop below 1st resistance at 0.88947 towards 1st support at 0.88829 could be expected.
Trading Recommendation
Entry: 0.88947
Reason for Entry:
38.2% Fibonacci retracement, descending trendline resistance
Take Profit: 0.88829
Reason for Take Profit:
-27.20% Fibonacci retracement
Stop Loss: 0.89040
Reason for Stop Loss:
Recent swing high
