EUR/USD facing bearish pressure from resistance, potential for drop!

EURUSD is facing baerish pressure from our first resistance where we could be seeing a further drop below this level.

Entry: 1.09727

Why it's good : breakout level, horizontal overlap resistance

Stop Loss : 1.10559

Why it's good : 50% Fibonacci retracement, horizontal pullback resistance

Take Profit : 1.08649

Why it's good: Horizontal overlap support, 76.4% Fibonacci retracement