Price holding below descending trendline resistance and moving average. A short term drop below 1st resistance at 1.19374 towards 1st support at 1.19100 can be expected.
Trading Recommendation
Entry: 1.19374
Reason for Entry:
38.2% Fibonacci retracement, descending trendline resistance
Take Profit: 1.19100
Reason for Take Profit:
Graphical swing low
Stop Loss: 1.19613
Reason for Stop Loss:
Graphical swing high
