The price has reached our profit target again. We remain bearish looking to sell at the major resistance at 114.00 (Fibonacci retracement, horizontal pullback resistance) for a continued drop to 112.25.
RSI (21) is below 71% resistance. We expect some fluctuation, and RSI is likely to continue to drop along with the price.
Sell below 114.00. Place stop loss at 114.75 and take profit at 112.25.
