EUR/USD testing its intermediate support, potential drop if broken!

EURUSD is testing its intermediate support where if broken, gives us a confirmation of a further move down.

Entry: 1.2701

Why it's good : 61.8% Fibonacci retracement

Stop Loss : 1.1303

Why it's good : 23.6% Fibonacci retracement

Take Profit : 1.1249

Why it's good: 61.8% & 100% Fibonacci extension