EURUSD short term retracement on cards to 1.09800 - 1.09900

FX:EURUSD   Euro / U.S. Dollar
4 hour and 1 hour charts in oversold territory. Descending trendline and previous support level now acts as immediate support. Pair could retrace to 1.09800 level before confirming the new move from there. If current support level is breached, we could see the pair dive towards 1.09250 level.