Looking at the 1hr chart the EURUSD has a few setups that look increasingly bearish:
1. Triple top reversal earlier in the session
2. Failure to create bullish break of longer term consolidation triangle
3. MA cross into bearish
4. Previous redbound on 4hr 100 MA being testing - awaiting confirmation
5. 'Threes a crowd' - Price down test into MA bearish cross
6. Testing 38.2 retracement from the low to triple top high area
6. MA on daily crossed into bearish earlier in the week
A lot of arguements for the bearish position, keeping the risk to minimum and trading what is seen with a logical stop location. If all the technicals are right theis should setup a limit risk opportunity with high reward.
Note this is only my personal opinions and NOT trading advice - I do not endorse any use of the above, it is for information only