Price holding below descending trendline resistance. A short term intraday pullback below 1st resistance at 1.53441 towards 1st support at 1.52940 can be possible. Stochastics testing resistance where price bounced in the past as well
Trading Recommendation
Entry: 1.53441
Reason for Entry:
78.6% Fibonacci retracement, descending trendline resistance
Take Profit: 105.241
Reason for Take Profit:
61.8% Fibonacci retracement
Stop Loss: 1.53680
Reason for Stop Loss:
Recent swing high
