The price has shot up perfectly and reached our profit target from yesterday. We prepare to sell below major resistance at 0.9530 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to at least 0.9436 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is right on major resistance at 95%.

Sell below 0.9530. Stop loss is at 0.9563. Take profit is at 0.9436.

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The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com

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