The pair was trading sideways yesterday and we expect it to rise further to our major resistance at 1.0690 (Fibonacci retracement, horizontal pullback resistance) for a drop to at least 1.0585 (Fibonacci retracement, horizontal support).Stochastic (21,5,3) is seeing major resistance at the 95% level where we expect a reaction from.
Sell below 1.0690. Stop loss at 1.0754. Take profit at 1.0585.
