Price is right at our major resistance at 1.3000 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance), where we expect a reaction from and a drop to at least 1.2765.
RSI (34) is testing resistance area now and also signaling a looming drop.
Sell below 1.3000. Stop loss at 1.3100. Take profit at 1.2765.
The material has been provided by InstaForex Company – www.instaforex.com