EURUSD could break down or it could break up. The choice is yours. Some may wish to take a controlled loss going short. Others will see a support or structure level and go long.
Comment:
Price is now into a structure area - and because I expect an attempt to retest the base of the H&S, a move north now is probable (which does not mean a prediction).
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]