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EURUSD Lucrative Short Opportunity on 4hr

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
TradeChartist  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns EURUSD eurusdshort eurusdforecast eurusdidea eurusd4h eurusdanalysis Divergence Fibonacci Retracement eurusdshortsetup
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trendanalysis indicator chartpattern eurusd eurusdshort eurusdforecast eurusdidea eurusd4h eurusdanalysis divergence fibonacciretracement eurusdshortsetup
EURUSD has been showing signs of Bull exhaustion with continued 4hr Bear Divergence on Bollinger Bands %B Oscillator, having faced resistance at the 1.272 Fib extension as shown on chart. The logical demand area will be the 0.382 Fib retracement which coincides with the 0.618-0.786 Fib Extension zone. Failing that support area, price will test the most likely 0.618 Fib retracement which also coincides with the 0.236 Fib extension area as shown on chart.
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