Our profit target was reached yesterday. We look to sell on strength below 0.7250 resistance (Fibonacci retracement + graphical resistance) for a drop to 0.7100 support (Fibonacci retracement + graphical swing low).
RSI (34) has reacted beautifully off our resistance as expected signaling a bearish move is in progress.
Sell below 0.7250. Stop loss at 0.7325. Take profit at 0.7100.
The material has been provided by InstaForex Company - www.instaforex.com