Price reacted off our selling area perfectly yesterday. We now look for a further drop towards 0.9650 and continue to play the drop below 0.9740 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (21) remains below 69% resistance and has also made a bearish exit of its ascending support-turned-resistance line.
Sell below 0.9740. Stop loss is at 0.9790. Take profit is at 0.9650.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price reacted off our selling area perfectly yesterday. We now look for a further drop towards 0.9650 and continue to play the drop below 0.9740 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (21) remains below 69% resistance and has also made a bearish exit of its ascending support-turned-resistance line.
Sell below 0.9740. Stop loss is at 0.9790. Take profit is at 0.9650.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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