EURUSD has now created HL on the 4H time frame. Currently sitting at a support zone with a potential engulfing candlestick pattern. The 1H timeframe shows a rejection from the previous consolidation zone and RSI and EMA'S are showing bullish momentum on lower timeframes. I will watch closely in the London session to get a good entry if all confirmations are met.
Things to consider: News? Candle stick patterns EMA'S Momentum? Support and resistance levels.