EUR/USD testing resistance, remain bearish

Price is back to testing our resistance area. We remain bearish looking to sell below major resistance at 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a further drop from this level to push price down to at least 1.1838 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement).

Stochastic (55,3,1) is seeing major resistance below 95% where stochastic has good downside potential from.

Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838.


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