The EUR looks a little weak lately and since the daily trend of the EUR/USD is still down, it may be time to look for a selling opportunity.
We can see on this hourly chart recent support and resistance and how it might offer a sell entry. Traders could sell on a move down through support and place their protective buy stop above resistance. Aggressive traders could also use the high and low within this range to sell and for stop placement. That would lower the risk on the trade, but waiting for the move below support as noted on this chart would most likely increase our chance of success. Profit target should be set at twice risk for our 1:2 risk:reward ratio.