Price may retrace from 1st resistance at 72.41 in line with 61.8% Fibonacci retracement and 50% Fibonacci extension to 1st support at 67.42 in line with 50% Fibonacci extension. Otherwise price may rise to 2nd resistance at 74.58 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension.
Trading Recommendation
Entry: 72.41
Reason for Entry:
61.8% Fibonacci retracement and 50% Fibonacci extension
Take Profit: 67.42
Reason for Take Profit:
50% Fibonacci extension
Stop Loss: 74.58
Reason for Stop Loss:
78.6% Fibonacci retracement and 78.6% Fibonacci extension.
