We prepare to sell on major resistance at 0.7295 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) for a strong push down from that level to at least 0.7203 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing strong resistance at 95% and we expect a reaction from that level to push price down similarly.
Sell below 0.7295. Stop loss is at 0.7340. Take profit is at 0.7203.
The material has been provided by InstaForex Company - www.instaforex.com