Price is approaching our selling area as expected. We remain bearish below 86.08 resistance (Fibonacci retracement, recent swing high resistance, Fibonacci projection), expecting a push down to 85.04 support in the short term.
Stochastic (21,5,3) is seeing major resistance at 91%.
Sell below 86.08. Set stop loss at 86.44 and take profit at 85.04.
The material has been provided by InstaForex Company – www.instaforex.com
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