The price has dropped perfectly and almost reached our profit target before making a pullback to resistance. Today we remain bearish continuing to sell for a continued drop to 0.7575, as the price has broken its ascending support-turned-resistance line.
RSI (34) is below our descending resistance line signalling a bearish move is still in progress.
Stochastics (21,3,3) is right below 87% resistance from which the pair has bounced triggering a bearish move.
Sell below 0.7650. Place stop loss at 0.7700 and take profit at 0.7575.
