EURUSD H4: Bearish outlook seen, further downside below 1.0200

On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.020, in line with the Fibonacci confluence levels which presents an opportunity to play the drop to the next support target at 1.000. The 1.000 support zone also coincides with the 100% Fibonacci extension and 61.8% Fibonacci retracement as well as the graphical support-turned-resistance zone. Stochastic is approaching resistance at 95.28 as well, where we could see a reversal, in line with prices.