EURUSD 4H TF, Fibonacci, bearish trend

This example shows how the EURUSD pair puts pressure on the previous support zone. The recovery attempt was stopped at the 61.8% Fibonacci level. After that, we see a continuation of the bearish trend and a break below the support zone. Now we can expect some holding at the current 1.02500 level and maybe a minor recovery up to the new resistance zone around 1.03500.