The price shot up and reached our profit target perfectly. We now prepare to turn bearish below 1.0030 resistance (Fibonacci retracement, horizontal overlap resistance, and Fibonacci extension) for a push down to 0.9961 support (Fibonacci retracement, recent swing low support, and horizontal overlap support).
RSI (34) is approaching the major resistance at 69%.
Sell below 1.0030. Stop loss is at 1.0071. Take profit is at 0.9961.
The material has been provided by InstaForex Company – www.instaforex.com