EURUSD H4: Bearish outlook seen, further downside below 0.99000
On the H4 time frame, prices are approaching the resistance zone at 0.9900 which coincides with the graphical support-turned-resistance level, 61.8% Fibonacci retracement and descending channel. We could see a reversal below this 0.9900 resistance zone to the next support zone at 0.9680, in line with the 61.8% Fibonacci retracement. Stochastic is testing resistance at 91.02 as well, supporting the bearish bias.
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