👀 Price is at the Pivot zone that coincides with the trendline resistance and key Fibonacci levels. From here, it may drop further down towards the 1643 area.
✅ Stochastics is overbought and serves as an additional confluence.
💰Thus, you may consider opening a sell trade with a short-term target at 1643 and SL at 1687.
⚠ Notice that the US will release the Core PCE price index at 15:30 MT time. The volatility related to the news may change technical analysis.
Use appropriate risk parameters for your trades.
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