Price is close to our channel resistance as we look to sell on strength below 114.00 resistance (overlap resistance, channel resistance, Fibonacci retracement) for a further drop to 111.00 support (long-term Fibonacci retracement, key swing low support).
RSI (21) is close to major resistance at 65%
Stochastics (21,5,3) is also right below 84% major resistance where we expect a drop from.
Sell below 114.00. Stop loss is at 115.40. Take profit is at 111.00.
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