Recently,We wrote multiple times that close below 1.1075 will be bearish bias for EUR/USD. This happened on 5th of Nov. But the closing price was 1.1074 so near/close to the level we were watching carefully. BUT yesterday's confirmation candle which is also bearish hammer has cemented our bearish bias.
WE are not making a short entry because we have risk premium on USD/CAD, where we are long US Dollar against Canadian dollar. BUT we are 100% convinced on this SHORT SETUP, So if you don't have your capital on risk on any other currency pair you may opt for this trade.
NOTE: All SETUP ON DAILY TIME FRAME, EXCEPT THOSE WE MENTION EXPLICITLY.