FX.co ★ EUR/USD approaching major resistance, prepare to sell

The price is approaching major resistance at 1.1835 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish divergence) and we expect to see a strong reaction off this level to push the price down to at least 1.1672 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,3,1) is seeing major resistance at 95% along with bearish divergence vs price signaling that a reversal is impending.

Sell below 1.1835. Stop loss is at 1.1887. Take profit is at 1.1672.