EURUSD: FURTHER DOWN?

CONFLUENCE:

1. Price ranging between Daily res 1.8300 and Daily sup 1.16670

2. Overall trend is down, momentum show strong bearish rejection of 4hr zone 1.18010 which could possibly be a supply zone, will retest before going further down to 1.16670

3. All zones are in line with fb areas i.e 4hr resistance (1.18010 ) aligns with 38.2 fib and 23% fib levels which are strong continuation levels.
50% aligns with daily resistance level 1.18300 round number.
Chart PatternsTrend Analysis

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