The key idea is to prepare to sell below major resistance at 116.80 (multiple Fibonacci projections, Fibonacci retracement, horizontal resistance) for a drop to 114.87.
RSI (34) is also approaching major descending resistance where we expect a reaction from.
Sell below 116.80. Stop loss at 117.33. Take profit at 114.87.
From www.instaforex.com http://ift.tt/2fUqbYZ
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