EURUSD testing resistance, potential reversal

Trading Recommendation Entry: 1.09203 Reason for Entry: 127.2% fibonacci extension and 61.8% fibonacci retracement, horizontal overlap resistance Take Profit: 1.08348 Reason for Take Profit: horizontal pullback support, 61.8% fibonacci retracement Stop Loss: 1.09630 Reason for Stop loss: 76.4% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com