Looking at the 4 hour chart, the RSI indicates that the currency is highly overbought at a value of about 80. The 1.1386 level is also a resistance level that was previously tried, especially on the 1 hour chart. Coupled with the fact that the MACD has crossed over on the 1 hour chart, and applying a LOHP strategy we see that the two closes below the high is an indicator to short EURUSD.