Sell below 0.7739. Stop loss at 0.7821. Take profit at 0.7580. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7739 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level to push price down to at least 0.7580 support (Fibonacci retracement, horizontal breakout support level). Stochastic (34,3,1) is seeing major resistance below 98% and we expect a strong reaction off this level.