Price reacted perfectly from our major resistance at 1.0596 (Fibonacci retracement, horizontal resistance) where we expect a continued drop towards at least 1.0477 (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) has reacted perfectly off major resistance from our 94% level and still has good downside potential.
RSI (34) is also seeing major resistance from the 64% level where our previous major reversal occurred and still has good downside potential.
Sell below 1.0596. Stop loss at 1.0661. Take profit at 1.0477.
From www.instaforex.com http://ift.tt/2gOktsw
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