Price is seeing major resistance at 1.1235 (Fibonacci Retracement, Fibonacci Projection, graphical overlap resistance) where we expect a drop from to at least 1.1125.
The strategy would be to take one short position now and if price rises up to 1.1235, we look to add to our short position again.
Sell below 1.1235. Stop loss is at 1.1310. Take profit is at 1.1125
The material has been provided by InstaForex Company - www.instaforex.com