Sell below 1.1727. Stop loss 1.1784. Take profit at 1.1596. Reason for the trading strategy (technically): EURUSD is approaching its resistance at 1.1727 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to react off, causing it to fall to its support at 1.1596 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support). Stochastic (55, 5, 3) is testing its resistance at 95% where a corresponding reversal could occur.