Price holding below descending trendline resistance, with technical indicators showing room for further bearish downside. A further drop below 1st resistance at 0.8612 towards 1st support at 0.8564 can be expected.
Trading Recommendation
Entry: 0.8612
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 0.8564
Reason for Take Profit:
Horizontal swing low
Stop Loss: 0.8654
Reason for Stop Loss:
Recent swing high