Price reacting below descending trendline resistance. A further drop below our 1st resistance at 1.80722 towards recent swing low and 1st support at 1.79935 could be possible. Stochastic is testing resistance where price pulled back in the past as well.
Trading Recommendation
Entry: 1.80722
Reason for Entry:
50% Fibonacci retracement
Take Profit: 1.79935
Reason for Take Profit:
Horizontal swing low support
Stop Loss: 1.81037
Reason for Stop Loss:
