The price has started to react strongly off major resistance at 1.3319 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a strong drop below this level to push the price down to at least 1.3161 support (Fibonacci retracement, Fibonacci extension).
Stochastic (89,3,1) is seeing strong resistance below 99% and is turning down nicely signaling that a reversal is in action.
Sell below 1.3319. Stop loss is at 1.3427. Take profit is at 1.3161.
