Price holding below descending trendline resistance. A short term intraday pullback below 1st resistance at 105.549 towards 1st support at 105.241 can be possible. Price is also holding below moving average resistance as well.
Trading Recommendation
Entry: 105.549
Reason for Entry:
50% Fibonacci retracement, descending trendline resistance
Take Profit: 105.241
Reason for Take Profit:
-61.8% Fibonacci retracement, Recent graphical swing low
Stop Loss: 105.659
Reason for Stop Loss:
Recent swing high
