H4: The currency pair encountered strong resistance at the reversal level (7/8). Against this backdrop, the primary scenario remains the realization of a reversal pattern, with the key support/resistance level (4/8) serving as the target for the decline. Before reaching this target, the pair may retest the (7/8) level.

Trade Setup: SELL at 1.1110, SL at 1.1135, TP at 1.0740.