Price holding below descending trendline resistance. A further drop below 1st resistance at 84.674 towards 1st support at 84.383 can be expected. Price also broke below longer term ascending trendline support (turned resistance).
Trading Recommendation
Entry: 84.674
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 84.383
Reason for Take Profit:
-27.20% Fibonacci retracement
Stop Loss: 84.791
Reason for Stop Loss:
Graphical swing high
