Is EUR exhausted or will it fight back ?

4hr TMFRM
- EURUSD has bounced on the reverse fib ext 0.786
-Hit Support and Resistance
-Broken Channel

1hr TMFRM
Confluence
-Support and Resistance
-bounced on the fib ext 0.50
-bounced on PP 1.13213

Opportunity for short

Trade attivo:

Price at S&R Zone
Most important zone as it has Fib ext level of 1.618
Has Pivot S2: 1.12849

Trade chiuso: obiettivo raggiunto:

Target was reached
At the at S&R Zone
Fib ext level of 1.618
Had a Pivot of S2: 1.12849