For the first time since 29nov EURUSD closed below the 1.1300 mark yesterday and has left the previous range 1.1290/1.1360 finally. Todays follow through is rather modest so far but an hourly close below the smallish support around 1.1260 should speed up the move to the downside.
As mentioned several times before I like the pair lower for a new test of the low of the year (1.1186 - 24nov). The red descending trend line on the hourly chart has worked well so far and it makes sense to put the stop somewhere above. Therefore I take down the stop for the short scenario from 1.1400 to 1.1310 for now.
Good luck,
Sebbo