EUR/USD - Looking for Short Entries This Week

Hello Traders! Welcome to my post, today we are looking at EUR/USD and we have identified the following confluences to support this high-probability setup:

-Major channel & trendline resistance
-Major 38.2 Fibonacci retracement
-Minor 61.8 Fibonacci retracement
-Minor 161.8 Fibonacci extension
-Bearish divergence
-Oversold conditions
-Overall downtrend

Stop Loss: 1.13000
Targets: 1.11000, 1.10500, 1.10000

Risk to Reward Ratio: 3.7

Thank you for reading this idea, I hope you learned something and I hope that this analysis will be beneficial for your trading.

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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.

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