The price is approaching a key resistance level at 1.2985 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) where we expect a reaction from and a drop to at least 1.2765.
RSI (21) is approaching 61% resistance level where we expect the price to drop from.
Stochastics (21,5,3) is also facing resistance at a key 89% level.
Sell below 1.2985. Stop loss is at 1.3100. Take profit is at 1.2765.
The material has been provided by InstaForex Company - www.instaforex.com