EURUSD H4 | Bearish Reversal Off Pullback Resistance

The price is currently reacting off the sell entry, which aligns with the 61.8% Fibonacci retracement level. It is also trading below the descending trendline that has at least three confirmed touches in the past.

Sell Entry: 1.1599
Pullback resistance
61.8% Fibonacci retracement

Stop Loss: 1.1668
Swing high resistance

Take Profit: 1.1533
Pullback support
61.8% Fibonacci retracement

High Risk Investment Warning