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
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