Price holding below descending trendline resistance and also below moving average resistance. A short term drop below 1st resistance at 0.77245 towards 1st support at 0.76990 can be expected.
Trading Recommendation
Entry: 0.77245
Reason for Entry:
23.6% Fibonacci retracement, descending trendline resistance
Take Profit: 0.76990
Reason for Take Profit:
-27.20% Fibonacci retracement
Stop Loss: 0.77533
Reason for Stop Loss:
Recent swing high
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