Price is dropping nicely toward our profit target. We remain bearish below resistance at 118.16 (Fibonacci retracement, Fibonacci projection) for a drop to at least 116.14 support (Fibonacci projection, Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) remains bearish below 94% resistance.
Sell below 118.26. Stop loss at 118.71. Take profit at 116.14.
