Price holding below descending trendline resistance. A further drop below 1st resistance at 1.26594 towards 1st support at 1.26031 can be expected. Technical indicators are showing room for further bearish downside as well..
Trading Recommendation
Entry: 1.26594
Reason for Entry:
61.80% Fibonacci retracement, descending trendline resistance
Take Profit: 1.26031
Reason for Take Profit:
Graphical swing low
Stop Loss: 1.26981
Reason for Stop Loss:
Graphical swing high
