EURUSD approaching resistance, potential for a drop!

EURUSD approaching its resistance at 1.2444 (61.8% Fibonacci extension, horizontal swing high resistance) where price could potentially drop to its 1st support at 1.2277 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). If it breaks this level it could fall to its 2nd support at 61.8% Fibonacci retracement, multiple swing low support).

Stochastic (55, 4, 3) is seeing major resistance at 98% where a corresponding reaction could occur.

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