Interesting Short Idea on EurUsd

Eurusd has just pulled back into a key area of support turned resistance both in the form of a horizontal level as well as the downward trendline acting as a dynamic resistance.

We also have the following confluences:

1. Downtrend (lower highs and lower lows being formed.
2. fibonacci levels tie up nicely with key resistance zone.


Look for bearish candle patterns on the lower timeframe to enter.