Price tested recent swing low and 78.6% Fibonacci retracement. A short term bounce above 1st support at 0.77066 towards 50% Fibonacci retracement and 1st resistance at 0.77417 can be expected. Stochastic is testing support where price reacted in the past as well.
Trading Recommendation
Entry: 0.77066
Reason for Entry:
78.6% Fibonacci retracement and recent swing low support
Take Profit: 0.77417
Reason for Take Profit:
50% Fibonacci retracement and graphical overlap resistance
Stop Loss: 0.76877
Reason for Stop Loss:
Horizontal swing low support
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