EUR/USD H4 | Bearish Reversal Setup

The price is rising towards our sell entry level at 1.1678, which is an overlap resistance that is slightly below the 38.2% Fibonacci retracement.

Our stop loss is set at 1.1715, which is an overlap resistance that aligns with the 50% Fibonacci retracement.

Our take profit is set at 1.1609, which is an overlap support that aligns with the 61.8% Fibonacci retracement.