EURUSD Pitchfork technical and fundamental

FX:EURUSD   Euro / U.S. Dollar
- Price found resistance on previous P (1.27100) which has now turned R1 and on the midline of the pitchfork .
- Price below descending trendline
- The Stoch RSI is showing the next move down.
- Stong US data this week will probably send this pair lower

These 4 factors combined suggest selling at R1 or even P

I see no reason to go long on this pair untill it breaks the pitchfork median 1

Any comments on this idea are much appreciated
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