FX.co ★ EUR/USD profit target reached, time to turn bearish

Price is approaching major resistance at 1.0538 (Fibonacci retracement, bearish candlestick reversal) and we expect a drop from this level towards 1.0447 support (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is also seeing major resistance at the 85% level.

Sell below 1.0538. Stop loss at 1.0593. Take profit at 1.0447.