EURUSD technical analysis.

EURUSD - H4

Market (55 above 21) is bearish. Price (8 above 5) is bearish. Stochastic is oversold and starting to turn up. Resistance levels at WS2/1.18/MM2, WM1/38.2 fib level and WS1/1.185/50.0 Fib level/MPP. Support levels at WS3/1.17/MS1, 1.165 and 1.16/MM1. I am waiting for price to retrace and sell it when it find resistance at the Fib zone (38.2 to 61.8), I will also keep an eye on the 21 EMA as it is dynamic resistance and price might respect it.

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