In my previous post in EURUSD (link on the chart) i described the potential move to the down something that has happened and it looks like it will keep dropping for a big move. For now we can see that price has broken a 4h uptrend and will soon start a correction. Wait for this correction to end and we may sell EURUSD once again.
Nice review. A pull up with bearish price action at the line confirming heavy selling at that level would also seem logical to me for a sell trade. Price had been in an uptrend but a lower high has formed and now the prior higher low has been taken out confirming a lower low. I agree the bulls will probably rally again soon but may be washed out at or near that level before price can continue down to your lowest line on the chart.