Price in EURUSD being is in a corrective structure, has formed a bearish AB=CD pattern. We now see that it's going down and has broken a short term support level (blue trendline).
Stoploss should be placed above D point of the pattern at 1.14990 Profit target should aim for 1.10795
The above managenment gives us a nice 2:1 r/r ratio.
I wouldn't long the dollar in any shape or form, and wouldn't do it here in particular.
Good luck though. If I'm proven wrong I'll short, for now, adding to longs before the NY close, as long as above 1.11956.