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

The pair was trading sideways yesterday and we expect it to rise further to our major resistance at 1.0690 (Fibonacci retracement, horizontal pullback resistance) for a drop to at least 1.0585 (Fibonacci retracement, horizontal support).Stochastic (21,5,3) is seeing major resistance at the 95% level where we expect a reaction from.

Sell below 1.0690. Stop loss at 1.0754. Take profit at 1.0585.