Great idea on EURUSD. In our case, we choose to go with a bearish bias. Should price break beyond the psychological level of 1.1300 - which consist of a 100% fib extension level, a swing low and a double bottom - there is a high chance of price moving towards the psychological level of 1.1200 which coincides with the fib level of 61.8%.
Please take a look at our idea and share with us what you think.