The price has dropped rapidly and reached our profit target yesterday. Today we remain bearish continuing to sell with the 0.7575 level lying ahead as the price has broken its ascending support-turned-resistance line.
RSI (34) has been breached below 48% level triggering a bearish move.
Sell below 0.7650. Place stop loss at 0.7700 and take profit at 0.7575.
The material has been provided by InstaForex Company – www.instaforex.com
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