The price is now testing major resistance. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a push down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance below 96% and also sees bearish divergence vs the price signaling that a reversal is impending. It still has some good downside potential for price to drop further.
Sell below 0.6968. Stop loss is at 0.7043. Take profit is at 0.6827.
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