Fundamentals:

Transatlantic relations are not too smooth at the moment either as EU is finalizing a list of American goods to target with retaliatory levies in an event Trump imposes tariffs on car imports, trade Chief Cecilia Malmstrom said. He is expected to make a decision by 18 May. Elsewhere, the escalating trade tensions added bearish pressure to the currency as China retaliated by raising duties to 25% on $60 billion worth of US goods starting from 1 June, defying Trump's warning against substantial retaliation.

Technical analysis:

Sell entry: 1.1248

Why it's good: This is a very nice resistance with 100% fibonacci extension, swing high resistance and descending resistance.

Take profit: 1.1169

Why it's good: 61.8% Fibonacci retracement and nice swing low support

Stop loss: 1.1281

Why it's good: above a swing high resistance and also 76.4% Fibonacci retracement