I am a bear on EUR; hence will be looking for a selling opportunity as follow:

EURUSD Daily Chart

Market and price are currently flat. Price came off MM3 at the beginning of the month and the target is MM1. Stochastic is oversold and moving upwards. 1st level of resistance is at 1.08000 and the 2nd level at 1.06500. Price made a lower high at 50% fibb level, which coincides with the resistance level at MPP. I expect price to go down to 138.2

EURUSD H4 Chart

Market and price are currently flat. Stochastic is oversold, Price open at WP, which coincides with 1.06000 psych level. It also opened at the bear zone, which is between WM3 and WPP. It has been ranging today between 1.06310 and 1.06000. Price is currently at the bottom of the range. For me to consider selling this pair, I would wait for price to retrace up to WM3 where there is confluence between WM3 and MPP. Also a psych level of 1.06500 lies at the MPP.

EURUSD H1 Chart

Market and price are currently flat. Price has been ranging today, due to the market being flat and also because of the holiday (not much actvity). Support is at DM2 and resistance at DPP. There is confluence between DM3, WM3 and MPP. I will be looking for a selling opportunity once price retrace up to 1.06500.

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