EURUSD reacting below descending trendline resistance. A further drop below key 61.8% Fibonacci retracement and 1st resistance at 1.18988 towards recent swing low and 1st support at 1.18674 could be possible. Stochastic indicator reacting below resistance as well.
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 1.18674
Reason for Take Profit:
Graphical swing low
Stop Loss: 1.19106
Reason for Stop Loss:
Graphical swing high
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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