EUR/USD testing key resistance, potential reversal!

Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well.

Entry : 1.1190
Why it's good : horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.1225
Why it's good : horizontal overlap resistance, 50% fibonacci retracement Take Profit : 1.1124
Why it's good : horizontal swing low support

Analysis are provided by InstaForex