EUR/USD testing resistance, big drop coming up!

EURUSD is testing our first resistance at 1.10263 where we are expecting a reversal below this level.

Entry: 1.10263

Why it's good : 38.2% fibonacci retracement, horizontal pullback resistance

Stop Loss : 1.10441

Why it's good : 61.8% Fibonacci retracement, horizontal pullback resistance

Take Profit : 1.09989

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