EURUSD approaching resistance, potential big drop coming up!

Entry: 1.1100

Why is it good: Horizontal swing high resistance, 50% fibonacci retracement

Stop loss: 1.11500

Why is it good: Horizontal swing high resistance, 38.2% fibonacci retracement

Take Profit: 1.09500

Why is it good: Horizontal swing low support, 61.8% fibonacci retracement