Price continues to rise and is now approaching a major resistance level at 1.2984 (Fibonacci retracement, Fibonacci extension, horizontal resistance) and we expect to see a strong reaction from this level for a drop towards 1.2886 support (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below the 88% level where we expect a strong drop from.
Sell below 1.2984. Stop loss at 1.3016. Take profit at 1.2886.
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