EURUSD is currently trading with a bearish bias. The pair bounced off from a very significant key resistive level 1.1360 and is currently headed short, We anticipate further downward movements following the previous day's exhaustion candle, The entire yesterday's candle was an exhaustion. This downward movement is supported by the fact that, other positively correlated pairs such as AUD/JPY and EUR/JPY are all giving short signals. Thus short positions will be ideal for today's trades.
As long as the pair trades below 1.1351, short positions will be ideal for trading but with stops at 1.1293, and the next stop at 1.1254.