EURUSD
Last week, EURUSD made a strong, impulsive move, pushing the price to the .618 Fib. Almost Immediately, a hard rejection occurred at that level, creating a double top on the 1-hour time frame that closed underneath the .618. From here, if the momentum remains on the bears' side, we could see a pullback to the .382 level on the Fib. Regarding an entry, I'll wait until the 1-hour double top is retested and look for a continuation in the downtrend.
At the moment, there is a likelihood of observing a pullback to the .50 Fib level. This could potentially lead to a retest of the uptrend line. It's crucial to note that if this area holds, the pair could form higher highs, indicating a bullish trend. Therefore, it's advisable to keep a close eye on the market movement and make informed trading decisions.