EUR/USD approaching major resistance, prepare to sell

Price is approaching major resistance at 1.0808 (Fibonacci projection, Fibonacci retracement, horizontal swing high resistance) where we expect a reaction from for a drop towards 1.0688 (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing major resistance at the 96% level.

Sell below 1.0808. Stop loss at 1.0924. Take profit at 1.0688.

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

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