Nice technical set-up. Price reached the upper trend line on the daily chart and began to stall. Stochastics are bearish on daily. That trend line has been in place since December so it should be a significant resistance level. There is a bearish divergence in the OSMA on H4 and Stochastics are turning bearish. Also, bearish divergence on M30 and Stochastics are turning bearish. In addition, a shooting star developed and played out on M30 during Obama's press conference. Now, I would like to mention that this market has been very difficult for me to trade lately because technicals have been negated by world events and fundamental surprises. Target 1.2888 stop @ 1.3420. Plan is to manually move stop down as support levels are broken.
Nice technical set-up. Price reached the upper trend line on the daily chart and began to stall. Stochastics are bearish on daily. That trend line has been in place since December so it should be a significant resistance level. There is a bearish divergence in the OSMA on H4 and Stochastics are turning bearish. Also, bearish divergence on M30 and Stochastics are turning bearish. In addition, a shooting star developed and played out on M30 during Obama's press conference. Now, I would like to mention that this market has been very difficult for me to trade lately because technicals have been negated by world events and fundamental surprises. Target 1.2888 stop @ 1.3420. Plan is to manually move stop down as support levels are broken. 
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