Price holding below descending trendline resistance. A short term drop below key Fibonacci retracement and 1st resistance at 0.77375 towards recent swing low and 1st support at 0.76220 could be possible.
Trading Recommendation
Entry: 0.77375
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 0.76220
Reason for Take Profit:
Recent swing low
Stop Loss: 0.78098
Reason for Stop Loss:
Recent swing high
