FX.co ★ EUR/USD testing major resistance, remain bearish

The price continues to test major resistance at 1.1945 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push the price down to at least 1.1825 support (Fibonacci extension, horizontal overlap support).

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

Sell below 1.1945. Stop loss is at 1.1989. Take profit is at 1.1825.