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The price has started to drop really nicely from our selling area. We prepare to sell below 1.1658 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 1.1583 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is dropping nicely from our 98% resistance and has good downside potential.
Sell below 1.1658. Stop loss is at 1.1690. Take profit is at 1.1583.
