Price has reacted off major resistance at 1.0000 (Fibonacci projection, horizontal resistance, big figure) and we expect a drop to 0.9833 at least.
RSI (34) is also reacting off major descending resistance which goes in line with our bearish view.
Sell below 1.0000. Stop loss at 1.0050. Take profit at 0.9833.
The material has been provided by InstaForex Company – www.instaforex.com