EURUSD analysis on H4

FX:EURUSD   Euro / U.S. Dollar
It looks like EURUSD will first go up for a retracement at the 50% Fibonacci Retracement ratio at 1.21560, and then will continue its downward trend again.
Comment: Even on the weekly chart there is a strong resistance in the 1.21560 price range.

Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.