EURUSD short term retracement on cards to 1.09800 - 1.09900

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.