EURUSD 4 hour setup: - Here we can see price found support around the 1.0460 mark and rallied until finding resistance at the 61.8 fib level - Price has failed to hold above the 4 hour 200MA -Triple top off the 61.8 Fibonacci level - Price is now approaching the counter trend line and I will be looking for a short entry after a break and retest - Targets will be back down to the yearly lows followed by the -27 fib extension HOWEVER price may bounce from this trend line and go long so a break retest is needed for entry
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