EURUSD technical analysis March 24, 2015:

Consider this:

  1. The euro is in a long-term downtrend
  2. The recent bounce stalled at the 61.8% retracement of the latest leg down
  3. EUR/USD has formed a double top at 1.1043

A medium-term trade with a stop at 1.1050 and a target at 1.0500 has the right risk-reward balance for me.