Price holding below descending trendline resistance. A short term drop below 1st resistance at 109.182 towards 1st support at 108.975 can be expected.
Trading Recommendation
Entry: 109.182
Reason for Entry:
78.2% Fibonacci retracement, descending trendline resistance
Take Profit: 108.975
Reason for Take Profit:
50% Fibonacci retracement
Stop Loss: 109.287
Reason for Stop Loss:
-27.2% Fibonacci retracement, Graphical swing high
