Price rose perfectly to our selling area as expected and saw a strong reaction from our major resistance at 0.7223 (Fibonacci projection, horizontal resistance) where we expect a drop to at least 0.7168.
Stochastic (21,5,3) is seeing major resistance at the 94% level where we expect another bearish reaction from.
Sell below 0.7223. Stop loss at 0.7257. Take profit at 0.7168.
From www.instaforex.com http://ift.tt/2hkct1I
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