It seems EURUSD
has been in a down trend on the 4 hour time frame and on the daily, and a bearish hammer
candle has formed on the weekly chart. There also seems to be a nearly 50% retracement
that has occurred within the channel, which is a good indication that it may continue to go in to the direction of the trend. Assuming it does fall, then it can be said it is likely it will reach the bottom of the channel and that seems to be a good R:R trade.
*NOT FINANCIAL ADVISE, MERELY AN OPINION*