EURUSD reacting below descending trendline resistance. A further drop below 1st resistance at 1.18500 towards 1st support at 1.18152 could be possible. Stochastic is reacting below resistance as well where price pulled back lower in the past.
Trading Recommendation
Entry: 1.18500
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 1.18152
Reason for Take Profit:
61.8% Fibonacci retracement
Stop Loss: 1.18679
Reason for Stop Loss:
Graphical swing high resistance
