If we see 4H chart for EURUSD we see negative divergence, the price makes higher high but the MACD makes lower highs, showing the strength of sell, but in daily chart it is a strong sell. Since we are day trades we will concentrate on 4H chart based on which we will trade.
Since US was closed for today, not much activity, the prices are consolidating still in tight range. We will look for a short on break below 1.2560 and look to buy on break of 1.2615. We will definitely lots of action in the market at London open.