EUR/USD Approaching Resistance, Prepare For A Reversal

EUR/USD is approaching its resistance at 1.1733 (100% & 61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal, causing the price to fall to its support at 1.1518 (horizontal swing low support).

Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.

Sell below 1.1733. Stop loss 1.1660. Take profit at 1.1518.

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