EURUSD showing multiple downward waves to a major demand area (blue zone) Notice previous area had huge bullish candle and is first test of the zone. Anticipating a possible move down into the 88.6 swing low/high or a Impulse above previous H1 high into next zone.
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EURUSD failed to break prior high giving a retest and dropping to the 88.60 fib level will be looking to swing trade off of this level.
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EURUSD rejected level 1.13500 (88.6%) now +35 pips profit. Expect higher highs on this pair