1. On 4 hours timeframe of EURUSD, the market was moved up and retested the price reversal at the higher descending trendline and the price was broken the higher descending trendline and continually to move up the market until to the resistance region of 1.09905.
2. At the resistance region 1.09905, EURUSD was moved a downtrend market direction and retested the market at the resistance region of 1.09033 and the supporting region of 1.08500. After the completion of market retesting, the market was broken out of the supporting region of 1.08500 and continually to reactive downtrend market. At the supporting region of 1.07527, that was a strong rejection which means EURUSD wouldn't be broken out of the supporting structure, and the market was retraced by the bullish engulfing candlestick.
3. At the stage of uptrend market, 1.08500 is a psychological level to retest the price reversal and breakout the resistance structure to reactive the bullish market structure. At the supporting region of 1.08500, EURUSD was spike up at least 100 pips due to the high market retracement level of US dollar.
4. At the fibs of 61.80, EURUSD was resisted by the false breakout candlestick and the market was initialized to reactive downtrend market. At the first supporting structure of 1.09238 was broken out, and the market was retested at the fibs of 38.20. After the reactive of market retesting, the price was reactive a huge collapsed until to the supporting structure of 1.08500. At the psychological levels of 1.08500, the spike candlestick was consolidated to retest the price reversal and reactive the downtrend market by the bearish engulfing candlestick .
2. At the resistance region 1.09905, EURUSD was moved a downtrend market direction and retested the market at the resistance region of 1.09033 and the supporting region of 1.08500. After the completion of market retesting, the market was broken out of the supporting region of 1.08500 and continually to reactive downtrend market. At the supporting region of 1.07527, that was a strong rejection which means EURUSD wouldn't be broken out of the supporting structure, and the market was retraced by the bullish engulfing candlestick.
3. At the stage of uptrend market, 1.08500 is a psychological level to retest the price reversal and breakout the resistance structure to reactive the bullish market structure. At the supporting region of 1.08500, EURUSD was spike up at least 100 pips due to the high market retracement level of US dollar.
4. At the fibs of 61.80, EURUSD was resisted by the false breakout candlestick and the market was initialized to reactive downtrend market. At the first supporting structure of 1.09238 was broken out, and the market was retested at the fibs of 38.20. After the reactive of market retesting, the price was reactive a huge collapsed until to the supporting structure of 1.08500. At the psychological levels of 1.08500, the spike candlestick was consolidated to retest the price reversal and reactive the downtrend market by the bearish engulfing candlestick .