We have good down movement which started after price reversal from 1.11. We could entry below 1.1027, when got confirmation from MACD and RSI. We could open a short trade, when the pair broke the support level 1.08. Now we can only wait for new signals. If price reverses and moves higher, we'll have possible reversal signal near the resistance level. It will be good place for opening short trades, if MACD and RSI confirm reversal and down movement. We will have to place stop orders above 1.08 and profit orders near 1.05. For opening long trades, it's better to wait price reversal from the support level 1.05.