Sell below 87.40. Stop loss at 87.71. Take profit at 86.67.
Reason for the trading strategy (technically):
Price is testing major resistance at 87.40 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect a reaction from this level for a drop towards 86.67 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance at the 96% level.
Reason for the trading strategy (technically):
Price is testing major resistance at 87.40 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect a reaction from this level for a drop towards 86.67 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance at the 96% level.