EUR/USD approaching resistance, potential for big drop!

Price is approaching resistance where we might see a corresponding drop in price to our first support level.

Entry : 1.1248

Why it's good : horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 1.1281

Why it's good : horizontal pullback resistance, 76.4% Fibonacci retracement

Take Profit : 1.1169

Why it's good : horizontal swing low support, 61.8% Fibonacci extension