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Price dropped perfectly to our profit target yesterday. We now remain bearish looking to sell on strength below major resistance at 0.7193 (Fibonacci projection, Fibonacci retracement, horizontal pullback resistance) for a drop to 0.7141.
RSI (34) has made a bearish exit of its long-term ascending support-turned-resistance line signalling a reversal is approaching.
Sell below 0.7190. Stop loss at 0.7223. Take profit at 0.7141.
