EURUSD 4H TF, Fibonacci, bearish trend

Here we can see how the bearish trend is moving with its pullbacks. The maximum pullback during this bearish trend is up to 38.2% Fibonacci level. We are now near the 23.6% Fibonacci level. Today's candlestick tells us that the euro could break this level and continue towards the 38.2% Fibonacci level at 1.10840. The ideal next sell position is in that zone.