EUR/USD has reached our selling area and reversed perfectly as expected. We remain bearish below the major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) for a further drop towards 1.1159 support (Fibonacci retracement, horizontal overlap support).
Stochastic (55,5,3) has reversed nicely off our 95% resistance and has good downside potential.
Sell below 1.1264. Set stop loss at 1.1301 and take profit at 1.1159.
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