The price has dropped well from 0.7015 previously. If you had taken positions at this level, continue to add onto your position for a further drop to 0.6920/0.6950. Stop loss remains at 0.7040. We can see how the 0.7015 is a very strong resistance level as the price keeps failing to strongly surpass it.
The price has dropped well from 0.7015 previously. If you had taken positions at this level, continue to add onto your position for a further drop to 0.6920/0.6950. Stop loss remains at 0.7040. We can see how the 0.7015 is a very strong resistance level as the price keeps failing to strongly surpass it.
The RSI remains below our 81% resistance line, keeping our bearish view.
Trading Recommendations:
Sell now and at 0.7015
Take Profit at 0.6920/0.6950
Stop Loss at 0.7040
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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