EUR/USD approaching major resistance, sell now.

We have reached our profit target perfectly from yesterday again. We now turn bearish below 1.1270 fractal resistance (horizontal pullback resistance, Fibonacci projection, Fibonacci retracement, Elliott Wave Structure) for a drop to 1.1190.

Stochastics (21,5,3) is also seeing major resistance at 92% where we expect a drop from.

Sell below 1.1270. Stop loss at 1.1300. Take profit at 1.1190.

The material has been provided by InstaForex Company - www.instaforex.com

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