Price is seeing major resistance at 1.2685 (Fibonacci projection, horizontal pullback resistance, previous swing high, Fibonacci retracement) and we expect a drop from this level towards 1.2303.
Stochastic (21,5,3) is seeing major resistance at 94% where we expect a drop from.
RSI (34) is seeing major resistance at 70% where we expect a similar drop from.
Sell below 1.2685. Stop loss at 1.2894. Take profit at 1.2303.
The material has been provided by InstaForex Company – www.instaforex.com
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