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We remain bearish below major resistance at 1.2678 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 1.2383 support.
Stochastics (34,5,3) is reacting off major resistance at 93% and has good downside potential to follow our drop.
Sell below 1.2678. Stop loss at 1.1873. Take profit at 1.2383.
