Today I had the pleasure to speak with two US traders.
Both of them are placing short trades on the eurusd daily chart.
The main reason is that price is at a recent level of resistance.
I am normaly more cautious and would like to wait for one more candle.
If the resistance holds tomorrow and we get a shooting star, hanging man, evenning star or bearish engulfing candle then price is more likely to head down.
If on the other side the orange line breaks with a bullish move overpassing the 1.13900 level and the swing highs have been taken out then a continuation of the bullish move is more likely to happen.
I wish all the BEST OF PIPS