Price has reached our profit target from yesterday. We prepare to turn bearish below 1.0256 (2016 all-time high resistance) for a drop to at least 1.0147 (Fibonacci retracement, horizontal pullback support). Stop loss is at 1.0283 which is a strong Fibonacci projection level + horizontal resistance level.
Stochastic (21,5,3) is seeing major resistance and we expect a reaction off this level.
Sell below 1.0256. Stop loss at 1.0283. Take profit at 1.0147.
From www.instaforex.com http://ift.tt/2hwhe8W
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