The current move in EURUSD feels like exaggerated / capitulation move. Time to try a long for a retracement. RISK management is #1
Trade reasons: EURUSD pushing past daily S2 - 1.2715 EURUSD pushing past weekly S2 - 1.2710 EURUSD pushing past monthly S3 - 1.2713 EURUSD is -9.30% in less than 2 month without any significant retracement. 1.2743 low was taken out, opening the door to either 1.2660 low or a potential retracement.
Trade parameters:
Entry: 1.2716 Stop: 1.2695- Target 1 : 1.2804 (38.2% of the last swing) Target 2 : 1.2917
This trade being against a well defined trend should be size against the low and no complacency given if it start to fail, as an 1.2660 test could happen rather quickly.