FX.co ★ EUR/USD remain bearish as we continue to test resistance

The price is now testing major resistance at 1.1918 (Fibonacci retracement, horizontal overlap resistance, bearish price action, Fibonacci extension) and we expect a strong reaction from this level to push the price down to 1.1825 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).

Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.

Sell below 1.1918. Stop loss is at 1.1955. Take profit is at 1.1825.