EUR/USD testing major resistance, remain bearish

The price is once again testing major resistance at 1.1679 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect to see a strong reaction off that level to push the price down to at least 1.1573 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,3,1) is seeing major resistance at 99% and we expect a corresponding reaction off this level.

Sell below 1.1679. Stop loss is at 1.1736. Take profit is at 1.1573.


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