EUR/USD to the downside
|EUR/USD Possible Downtrend
The pair is currently sitting in a supply zone, converging with a 61.8% Fibonacci retracement from the prior leg down - providing us opportunities for a possible sell off on the 1 HR chart.
We will be looking to execute a sell at current market price.
Should the pair break above the supply zone, and pass 1.09700 we will consider this trade void.
We will also look at the 1.07800 level as our first target.
Key Resistance Level (SL): 1.09700
Entry: 1.08800
Key Support Level (TP): 1.07000
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