Price is facing bearish pressure from our first resistance where we are expecting a drop below this level.
Entry : 1.2973
Why it's good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending resistance line
Stop Loss : 1.3038
Why it's good : 50% fibonacci retracement, horizontal pullback resistance
Take Profit : 1.2774
Why it's good : horizontal swing low support, 61.8% fibonacci retracement