EURUSD approaching resistance, potential drop!

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EURUSD is approaching our first resistance at 1.1721 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.1504 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (21,5,3) is approaching resistance we might see a corresponding drop in price.
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