We look to sell below major resistance at 1.1391 (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 1.1296 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
RSI (55) has seen its long term ascending support-turned-resistance line broken triggering a bearish exit and a change in momentum from bullish to bearish. In this configuration, we remain bearish looking for selling opportunities.
Sell below 1.1391. Stop loss 1.1431. Take profit at 1.1296.
