Price is facing bearish pressure from our 1st resistance and trendline, where we could see a further drop towards 1st support at 1.0913 at the horizontal swing low. Ichimoku is also indicating more bearishness to come.
Trading Recommendation
Entry: 1.0959
Reason for Entry:
61.8% fib retracement, 100% fib extension
Take Profit :1.0913
Reason for Take Profit: Horizontal swing low
Stop Loss: 1.0988
Reason for Stop loss:
horizontal swing high