Hello traders. Today we are talking about the daily chart on EUR/USD. We know we have a bearish bias when it comes to this currency pair, but still, there are a few things you should keep an eye on. First of all, we saw that we got a lot of numbers last week and you could see that inflation has not yet started to slow down in the US. With that in mind, this paves the way for greater appreciation of the dollar in the short and medium term, and next week we have a Fed meeting, which could bring more volatility to the market. From the technical picture, the situation is quite clear. We have two possible scenarios. The first and most likely (IMO) is that we need to wait for another lower high and try to establish a short position at that high level (look for bear patterns at lower tf at the level of previous support). This is the most likely scenario, but there is still a chance that we will get another leg (CD) up, and from that point of view we will have to wait to take a short position. In this scenario, look for the establishment of an upward trend in lower time frames or look for another bullish pattern for establishing a long position. But be careful in this case.