FX.co ★ EUR/USD testing key resistance, potential reversal!

Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well.

Entry : 1.1190

Why it's good : horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.1225

Why it's good : horizontal overlap resistance, 50% fibonacci retracement

Take Profit : 1.1124

Why it's good : horizontal swing low support