Price is facing bearish pressure from our first resistance in line with descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level.

Trading Recommendation

Entry: 1.74448

Reason for Entry:

descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension

Take Profit: 1.72774

Reason for Take Profit:

Horizontal overlap support, 61.8% fibonacci retracement, 78.6% fibonacci extension

Stop Loss: 1.75041

Reason for Stop Loss:

horizontal swing high resistance