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EURUSD Intraday Timeframe Analysis: Bearish Bias

Short
Euro / U.S. Dollar (FX:EURUSD)  
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FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns EURUSD eurusdanalysis Forex crypto Bitcoin (Cryptocurrency) Litecoin (Cryptocurrency) ripple eurusdforecast
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trendanalysis indicator chartpattern eurusd eurusdanalysis forex crypto bitcoin litecoin ripple eurusdforecast
The 4 hour timeframe of the EURUSD is presented here with price currently at resistance (~1.1096).
Price action is also currently hovering around the 200 moving average with the relative strength index (RSI) already oversold.
Selling is as a result favored over buying the EURUSD and a break below 1.1065 can be used as a conservative entry point.

Minimum profit target is ~1.0944

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