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The resistance level of 58.77 continues to hold back buyers. A bearish divergence has formed on the Awesome Oscillator indicator, and the Stochastic Oscillator indicates high overboughtness. 

Trading recommendations:

Sell at the breakout of the pivot zone 57.38.

A Stop Loss of 58.77.

Target levels - 55.60; 53.31.

Reversing price pivot level of 1.4710 holds back buyers.A retest of the lower border of the ascending price channel and a test of the upper border of the descending price channel are forming.

The Inside Bar pattern is formed on the H4 timeframe. Also, the stochastic Oscillator indicator signals overboughtness. …