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

Price is approaching resistance where we might see a corresponding drop in price to our first support level.

Entry : 1.12270

Why it's good : horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

Stop Loss : 1.1277

Why it's good : 76.4% Fibonacci retracement, pullback retracement

Take Profit : 1.1144

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