EUR USD is in a downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,3400 and 1,3515. Support and resistance are given by Bollinger bands. The volatility is low and price should find a resistance below 1,3540.

We could take a short position at 1,3470. We will put the stop loss above 1,3540 (-70 pips). The targets are 1,3350 (+120 pips, risk/reward 1:1.7), 1,3250 (+220 pips, risk/reward 1:3.1) . Each trade is dangerous, take care and put your stop loss.

Resistances: 1,3500 - 1,3540

Supports: 1,3400 - 1,3350