We can see a wedge reversal in place, but we will not take a trade unless the price breaks the 0.7155 level. If the price breaks the 0.7155 level, it would correspond with a strong break of the RSI (21) ascending support level and from there, we can see a strong correction down to 0.7100.
Trading recommendations:
Sell limit at 0.7155
Stop loss at 0.7215
Take profit at 0.7100
The material has been provided by InstaForex Company - www.instaforex.com