The following is the EURGBP daily chart. If you observe the graph I think its a good opportunity for a short trade for the following reasons.
1) There is a resistance line at the top for this currency pair.
2) A bearish engulfing candlesticks pattern is formed.
3) CCI crossed below the 100 line.
4) Stochastics crossed below the 80 line.
But before entering the short trade I will check the hourly graph also. In the hourly graph currently the graph is raising. The CCI is reaching the overbought region and the Stochastics also reaching the over bought region. Once the CCI or Stochastics trying to cross below the overbought region I will enter the short trade. Check the following hourly graph.




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