Price testing and reacting above descending trendline support and is within a larger descending wedge pattern. A short term bounce above 1st support at 0.92181 towards 1st resistance at 0.92670 could be possible.
Trading Recommendation
Entry: 0.92181
Reason for Entry:
Descending trendline support
Take Profit: 0.92670
Reason for Take Profit:
61% Fibonacci retracement
Stop Loss: 0.91898
Reason for Stop Loss:
-27.2% Fibonacci retracement
