The price has exited the bearish channel so we are waiting for selling opportunities below the major resistance at 0.7107 (Fibonacci retracement, pullback resistance) for a push down to 0.6956.
RSI (34) is below long-term descending resistance line.
Stochastics (21,5,3) is below descending resistance line too.
Sell below 0.7107. Place take profit at 0.6956 and stop loss at 0.7209.
From www.instaforex.com http://ift.tt/2dVNuPX
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