The DOWN MOVE has ended and a new UP MOVE is starting, and you may long this pair up to the green line if you like, however, the trend line for this pair has shifted from the support level to the resistance level last week and the current UP MOVE does not express the actual trend of EURUSD.
Accordingly, I will start looking to short this pair from the area between the green line (major average line) and the red line (trend line).
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.