EURUSD testing major resistance, potential for a nice reversal

EURUSD -0.66% is testing major resistance at 1.2363 ( Fibonacci retracement , horizontal swing high resistance, bearish divergence, Fibonacci extension ) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 ( Fibonacci extension , horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. We’re also seeing strong bearish divergence vs price which is usually a precursor of a potential upcoming drop.

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