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We look to sell again at a major fractal resistance level of 0.7325 (Fibonacci projection + horizontal resistance + bearish candlestick formation) for a new drop to 0.7185.
RSI (21) is at major resistance at 72% and has started to turn down signaling a bearish move is in progress.
Sell below 0.7325. Stop loss at 0.7400. Take profit at 0.7185.
The material has been provided by InstaForex Company - www.instaforex.com