Strategy
Sell 0.9255 with a stop 0.9290 for 0.9175
Technical View
Price been trading with a down trending channel since the beginning of last week. We have seen a price move to the upper channel and if price is capped at the upper channel, we may see a decline to the Fibonacci 200% price projection at 0.9170.
Stochastic has a bearish crossover and could be heading back into the overbought zone. MACD remains bearish and is hinting of a bearish price trend ahead.
We could see a decline to the 0.9170 target within the next 24-48 hours.
