EURUSD Trading Idea

Price reached the resistance level 1.0800 and it is a good level for opening short trades. Entry level should be below the low of the bearish candle. Stop orders must be placed above the local swing high. Profit targets are at the support levels 1.0500 and 1.0400. If price breaks the resistance level 1.0800, the next reversal zone can be at the downtrend line with the same profit targets. Short trades can be opened based on the daily and hourly charts.