EURUSD is seeing some really strong resistance push prices down, presenting us with a good shorting opportunity.
Sell below 1.2373. Stop loss at 1.2341. Take profit at 1.2295.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.2373 (Fibonacci retracement, Fibonacci extension, descending resistance, swing high resistance) and a strong reaction could occur at this level to push prices down to support at 1.2295 (Fibonacci retracement, horizontal overlap support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.