The price reversed to our head and shoulders neckline resistance as expected yesterday where we would have added to our position for a stronger drop from here. The RSI (34) also reacted below our pullback resistance to signal a further drop to 0.7325.
Trading recommendations:
Sell now or wait for re-entry at 0.7415 level
Take profit at 0.7325
Stop loss at 0.7470
The material has been provided by InstaForex Company - www.instaforex.com