EURUSD 4H MA200 rejection targeting 1.12200.

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EURUSD 4H MA200 rejection targeting 1.12200.EURO VS US DOLLARTRADENATION:EURUSDTradingShotThe EURUSD pair has been trading within a Channel Down since April 12 and last Wednesday priced the latest Lower High following a rejection on its 4H MA200 (orange trend-line). Technically this is initiating the new Bearish Leg of the pattern, as it also already broke below the 4H MA50 (blue trend-line). Expect at least a 1.382 Fibonacci test for the next Lower Low, targeting 1.12200. --- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡