FX.co ★ EUR/USD testing major resistance, time to start selling

The price is testing major resistance at 1.2355 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push the price down to 1.2166 resistance (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.

Sell below 1.2355. Stop loss at 1.2422. Take profit at 1.2166.