EURUSD approaching resistance, potential drop!

EURUSD is approaching our first resistance at 1.1358 (Horizontal overlap resistance, 100% fibonacci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1252 (Horizontal overlap support, 76.4% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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