Price made a perfect push up as expected with our inverse head and shoulder reversal and is approaching price target. We turn bearish below 115.00 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down first to 114.20.
RSI (34) is approaching major resistance at 75%.
Sell below 115.00. Stop loss at 115.40. Take profit at 114.20.
The material has been provided by InstaForex Company – www.instaforex.com
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