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Price has dropped nicely from our selling area yesterday. We remain bearish below the 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to the 119.44 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) has reacted nicely off major resistance below the 95% level.
Sell below 121.23. Stop loss at 121.83. Take profit at 119.44.
