As you can see, the EURUSD is in a very strong downtrend channel. The red marked ranges show the 0.618 Fibonacci level. After reaching that level, the price meets the supply and reaches the bottom of the channel. The range entered a short position and this is our first scenario. Also, the existence of divergence indicates the end of downward trend. wich can be expected to grow up to the one-to-one level if the specified channel is broken and the price range on it.