FX:EURUSD Euro Fx/U.S. Dollar
EURUSD (4H): The downward has slowed as price runs into the 1.10000 level. I expect some correction. This zone is also the 161.8% extension of a previous down swing. Price is trading slightly below the down channel lows and is overextended with significant separation from the 50 . The USD as been strong and I expect selling pressure at previous swing highs as far as up to the 61.8% retracement.