FX.co ★ EURUSD profit target reached perfectly, prepare to sell

The price has shot up perfectly from our buying area and reached our profit target absolutely perfectly. We prepare to sell below major resistance at 1.1878 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 1.1747 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).

Stochastic (34,3,1) is seeing major resistance below 96% where we expect a corresponding reaction from.

Sell below 1.1878. Stop loss is at 1.1949. Take profit is at 1.1747.