Price has made a push up and reached our take profit target perfectly from yesterday. We turn bearish now because 1.3130 is a key Fibonacci retracement level + graphical resistance level + Bollinger band resistance. Our 1st take profit is the golden ratio Fibonacci retracement + graphical support and our 2nd take profit is the latest swing low and a very important Fibonacci projection level.
Stochastics is also reacting off our 93% resistance.
Trading Recommendations :
Sell now below 1.3130.
Stop loss at 1.3175.
1st take profit at 1.3070.
2nd take profit at 1.3025.
