EURUSD is on the 2nd Bearish Wave of the Rectangle since the start of the year. That is in the form of a Channel Down, so far identical to the 1st. This, along with the Fibonacci retracement levels offer stable entries for both buying and selling.
Trading Plan: 1. Sell on the current market price. 2. Sell on the next MA50 (4h) rejection after that.
Targets: 1. 1.07350 (bottom of Channel Down. 2. 1.07000 (bottom of Rectangle).
Tips: 1. The RSI (1h) is below its MA level, confirming that we are indeed on a downtrend structure.