EUR/USD Reversed Nicely Off Resistance!

EUR/USD has reversed off its resistance at 1.1745 (61.8% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) where price could pullback to before making a further move down to its support at 1.1644 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).

EUR/USD reversed nicely off its resistance where we expect a further drop.

Sell entry 1.1745. Stop loss 1.1789. Take profit at 1.1644.

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