EURUSD, H4: EURUSD remain traded in a sideway channel while currently testing near the support level 1.2160. However, MACD which illustrate diminishing bullish momentum signal with the starting formation of death cross suggest the pair to be traded lower after it breaks below the support level.
Resistance level: 1.2240, 1.2335
Support level: 1.2160, 1.2070