Price has reacted off our major resistance at 122.93 (Fibonacci projection, horizontal swing high resistance) where we expect a drop to at least 120.86 (Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below the 92% level where price has reacted off multiple times.
Sell below 122.93. Stop loss at 123.45. Take profit at 120.86.
From www.instaforex.com http://ift.tt/2hkd9V2
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