Price may retrace from 1st resistance at 88.718 at 61.8% Fibonacci extension and 127.2% Fibonacci retracement towards the 1st support at 86.577 in line with 78.6% Fibonacci extension. Otherwise price may rise to 2nd resistance at 89.130 in line with 78.6% Fibonacci extension.
Trading Recommendation
Entry: 88,718
Reason for Entry:
61.8% Fibonacci extension and 127.2% Fibonacci retracement
Take Profit: 86.577
Reason for Take Profit:
78.6% Fibonacci extension
Stop Loss: 89.130
Reason for Stop Loss:
78.6% Fibonacci extension
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