Our first profit target from yesterday has almost been reached. We now expect an intermediate bounce correction above 0.7000 (big figure + fibonacci support) before a further push down to 0.6830. Our stop loss is the graphical overlap resistance at 0.7230.
We can see how the RSI (34) has broken below its support-turned-resistance line which triggers our bearish move down from here.
Trading recommendations:
Sell at 0.7100
Stop loss at 0.7230
Take profit at 0.6830
