EUR/USD Sell Off Resistance

Vladislav Brykin Cypher

EUR/USD Possible Downtrend - 4 HR

The pair is trending upwards towards a supply zone - providing us opportunities for a possible sell off on the 4 HR chart.

We will be looking to execute a sell in the supply zone around 1.09400, as this is in the 50% - 61.8% Fibonacci retracement region - awaiting CSI confirmation.

Should the pair break above the supply zone, and pass 1.11050 we will consider this trade void.

Key Resistance Level: (SL) 1.11050

Entry: 1.09400

Key Support Level: (TP) 1.06600

Author

Vladislav Brykin

Cypher

Vladislav Brykin has been active in the financial markets, more specifically in the retail trading and fund management, since 2013. He has consulted and built products and systems for brokerages and investment firms.

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