Intraday EURUSD Forex analysis by @reembegil

Keeping the downtrend at the EURUSD, the quote rebounds in the demand zone at 1.17264 making a retracement to the 0.236 fibonacci level wich match with the first supply zone waiting for the MACD to confirm the shortselling entry.

1)Supply Zone 1:
Entry Price: 1.17457
Stop Loss: 1.17593
Target: 1.17129
Risk & Reward Ratio: 2.41
Fibonacci Retracement: .236

2)Supply Zone 2:
Entry Price: 1.17654
Stop Loss: 1.1779
Target: 1.17129
Risk & Reward Ratio: 3.83
Fibonacci Retracement: .382

3)Supply Zone 3:
Entry Price: 1.17917
Stop Loss: 1.18103
Target: 1.17129
Risk & Reward Ratio: 4.24
Fibonacci Retracement: .618