We remain bearish below 114.37 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a drop to at least 112.54 support (Fibonacci projection, horizontal support).
Stochastic (55,5,3) is seeing strong resistance below the 96% level which it is approaching.
Sell below 114.37. Stop loss at 115.36. Take profit at 112.54.
The material has been provided by InstaForex Company – www.instaforex.com
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