After a long bull run in EURUSD, we have now seen what could be a retracement or a turn in momentum. There is a potential huge upside on taking a short position on a retirement in confluence with an old support level turned resistance. Several retracements expected on the way down, which offers new sell opportunities.
Based on a long term down trend, we are waiting for confirmation of the down side to continue and take a short trade. It is a conservative trade, and could be taking on the bounce of down-trendline, however waiting for confirmation should increase odds, but also decrease reward.