EURUSD is looking bullish , that area where the line is drawn you can see is resistance. If we get there, we short . It's a volatility play, not determining a new trend. It means when it hits that or goes a little over it, it will fall back a ways. New trend can only be determined after hitting target and more bars are available.
Actually EURUSD weekly chart has shows promise for bullishness, but when it hits this line, expect a pullback.