Sell below 0.7889. Stop loss at 0.7933. Take profit at 0.7738. Reason for the trading strategy (technically): Price has risen back up to our major resistance area of 0.7889 (Multiple Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and we expect to see a strong reaction from this level to push price down to 0.7738 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance at 97% and has good downside potential. It is potentially forming a bearish divergence signal too.