EURUSD is approaching our first resistance at 1.1351 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.1284 (horizontal swing low support, 38.2% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks