### EUR/USD Key Points
* Higher time frame bearish trend with key false break and rejection on the daily.
* Hourly trend line and lower highs/lower lows back up this idea.
* Retesting previous intraday support as resistance.


### EUR/USD Technical Analysis
With EUR/USD currently looking heavy on all time frames, there is a definitely opportunity to try to follow the flow of money and catch the short wave lower.

Take a look at the three levels of charts from highest to lowest time frame.

<center>![eurusdd1.png](https://cdn.steemitimages.com/DQmeKeD52XAkFhJud3f2XxN96N4WcNAyhXMvSQ4iLogYND1/eurusdd1.png)</center>

<center>![eurusdh1.png](https://cdn.steemitimages.com/DQmebyhyW4zUqLHsXUYKHt7FVstnCkFGF9gZG2GJ3y9G9iU/eurusdh1.png)</center>

<center>![eurusdm15.png](https://cdn.steemitimages.com/DQma9yGQ5EXzWuAzYh58MaoxR11UhDqQg9uyZTWSzXB9zGi/eurusdm15.png)</center>

Starting on the higher time frame daily chart, you can see that price is in a pretty clear bearish trend.  While the pair has bottomed a little bit down here, that false breakout higher and subsequent rejection is a pretty telling sign that the bulls have no control here.  I want to be short and short only here.

Take a step into the hourly chart and I've just drawn that bearish trend line and horizontal previous support as resistance zone to visually display the price action I'm talking about.  Clear lower lows and lower highs with price cleanly stepping down again and again. 

Go down one more level and into the 15 minute chart and you can see an intraday retest of previous short term support turned resistance again.  When all the time frames line up bearish like this, I just have to short it.

The risk:reward is there with the potential to place your stop above the hourly resistance zone and go for 1:3 quite quickly.  Let's see how it plays out.

Best of probabilities to you!


### Economic Releases to Watch Today
* CNY - GDP q/y
* USD - Bank Holiday (Martin Luther King Day)