Attached is the 1H chart for EURUSD. By the look of things, EU seems to have reached a temporary. It faced stiff resistance at around 1.37 and the volume and the price bar at that level was enough indication that the buyers did not like that high price.
So, from 1.37, it has fallen more than 100 pips now. This pair now has strong support at 1.3550 and it will take a bit of time for this support to get broken.
On the downside, there is strong support at 1.3550. A clean break of that could lead to 1.3450 and a break of that could lead to 1.33. This pair looks bearish to me and hence i would be looking for break of supports or a retracement on the upper side to enter shorts.
On the upper side, there is small resistance at 1.3611 and a strong one at 1.3672. I do not expect this resistance to be broken but if it does, we are bak to being bullish again and we should face next resistance at 1.37 which should be a major one.
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