The price has shot up and is approaching our profit target really nicely. We look to sell below major resistance at 1.1877 (Fibonacci retracement, Fibonacci extension area, horizontal overlap resistance) for a push down to at least 1.1728 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 94% where we soon expect a corresponding drop from.
Sell below 1.1877. Stop loss is at 1.1974. Take profit is at 1.1728.
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