Price has bounced up strongly and is fast approaching our profit target. We prepare to sell below 1.1181 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.1120 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing strong resistance below 96% with stochastic starting to turn down, signalling that we're expecting an impending bearish move.
Sell below 1.1181. Stop loss at 1.1216. Take profit at 1.1120.
