EURUSD H4

SHORT TERM TECHNICAL ANALYSIS

The Fiber is now reacting on a support zone in the congestion shown on the H4 marked by pink trendlines X and Y.

A break close below Y will land the price into immediate support zone around 1.11939 marked by horizontal line A. Break and close of A zone can lead to 1.11185 support marked B especially if price moves strongly into A zone.

A close above X disqualifies the analysis.