Price has shot up from our buying area and reached our profit target perfectly. We prepare to sell below 0.7317 resistance (Fibonacci extension, horizontal swing high resistance, bearish price action) for a push down to at least 0.7262 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 95% where we expect a drop from.
Correlation analysis: AUD/USD and NZD/USD are both expecting drops today.
Sell below 0.7317. Stop loss at 0.7347. Take profit at 0.7262.
