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EUR/USD In A Clean [M5] Downtrend

The EUR/USD is starting this week with a typical FX linear downtrend, barely deviating from a straight line. Last week's high failed to reach the mid-September ~$1.317 highs, so the currency pair may be headed back toward the ~$1.28 lows from early last week.

Ideally, EURUSD will offer a better price to enter short, i.e. it would increase toward the $1.30 area and then show weakness again, and hopefully also a solid resistance to use as stop-loss. Till then, sitting on the sidelines and observing.