Even though we can see some minor recovery/pullback on the EU chart, the big downtrend obviously is not done yet. You may ask what’s the good point to add some short positions to your portfolio? Well, 1.05 is serving both as a support from the previous run and pretty round psychological/sentimental level. On the way down, the first minor support would be visible back at around 1.035 (150 pips profit) and we’ll continue to monitor the trade from there on!