On a weekly time frame we can see that EURUSD has been in a range since January of 2015 with the weekly resistance of 1.14200 being very powerful with many candlesticks not being able to break it. In recent months it rallied up from the low of the range but looks like buyers are loosing momentum again and we can expect sellers to be on the attack. The Risk Reward for me is good so I will have a short position open with my stop loss being right above the high.