Price is now on major resistanceat 1.0475 (horizontal overlap resistance, Fibonacci retracement, Fibonacci projection) where we expect a reaction from and a drop to 1.0340.
Stochastics (21,3,3) is right on resistance at 91% too where we expect a similar bearish reaction from.
Sell below 1.0500. Stop loss at 1.0535. Take profit at 1.0340.
From www.instaforex.com http://ift.tt/2cq7C92
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