EUR/USD under bearish pressure, potential for further drop!

EURUSD is facing bearish pressure from our first resistance.

Entry: 1.11082

Why it's good : horizontal swing high resistance, 76.4% fibonacci retracement

Stop Loss : 1.11530

Why it's good : horizontal swing high resistance

Take Profit : 1.10205

Why it's good: 61.8% fibonacci extension, 50% fibonacci retracement