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0.8540 is a major resistance level (Fibonacci retracement + channel resistance + horizontal resistance) which we intend to sell off from to play the drop to 0.8440 at least.
Stochastics is approaching a major 87% resistance level.
Trading Recommendations:
Sell below 0.8540.
Stop Loss at 0.8590.
Take profit at 0.8440.
The material has been provided by InstaForex Company - www.instaforex.com