Price has dropped perfectly as expected and we are now seeing the price testing major resistance once again (channel resistance, horizontal overlap resistance, Fibonacci retracement), and a further drop is expected below this level towards the 0.7318 support (Fibonacci extension).
RSI (89) sees a long term descending resistance line holding the bearish momentum in price really well.
Sell below 0.7404. Stop loss at 0.7446. Take profit at 0.7318.
