Price holding below descending trendline resistance. With technical indicators showing room for further bearish momentum, a drop below 1st resistance at 1.27126 towards 1st support at 1.26504 could be expected.
Trading Recommendation
Entry: 1.27126
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 1.26504
Reason for Take Profit:
61.8% Fibonacci retracement
Stop Loss: 1.27510
Reason for Stop Loss:
Recent swing high
