Price dropped perfectly to our profit target from yesterday. We look to continue to sell below major resistance at 0.7220 (Fibonacci retracement, pullback resistance) for a further drop to 0.7120.
RSI (21) has made multiple bearish exits signalling a big bearish move is in progress.
Sell below 0.7220. Stop loss at 0.7300. Take profit at 0.7120.
The material has been provided by InstaForex Company – www.instaforex.com
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