We have reached our profit target perfectly from yesterday again. We now turn bearish below 1.1270 fractal resistance (horizontal pullback resistance, Fibonacci projection, Fibonacci retracement, Elliott Wave Structure) for a drop to 1.1190.
Stochastics (21,5,3) is also seeing major resistance at 92% where we expect a drop from.
Sell below 1.1270. Stop loss at 1.1300. Take profit at 1.1190.
The material has been provided by InstaForex Company - www.instaforex.com