Watch EURUSD price action carefully. A break below current 1.3630-50, could send EURUSD lower to the next around 1.3500.
2 ways to trade this.
A) Aggressive approach (Short on breakout below 1.3630-50)
Pros: higher chance of being fillled
Cons: may be a false breakout, and EURUSD trades back above 1.3650
B) Conservative approach (After breakout, wait for pullback rally to 1.3630-50)
Pros: for those who prefer more confirmation price action before proceeding
Pros: reduces chance of false breakout
Cons: if EURUSD breaks below 1.3630-50 without any rally retracement, trade may not be filled