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We see a very bearish formation at the 1.1315 level (Fibonacci projection, bearish candlestick formation, Fibonacci retracement) where we expect a reversal from to at least 1.1155.
RSI (21) is also seeing major resistance at 76% where we expect a reversal from.
Sell below 1.1315. Stop loss is at 1.1348. Take profit is at 1.1155.
The material has been provided by InstaForex Company - www.instaforex.com