Through out this period of consolidation this pair is currently experiencing (via an ) I continue to hold a outlook, with views of the market gearing up to complete its next leg lower - printing fresh lows initially at the 1.025 handle.
My intentions are to stack FX:EURUSD shorts on the break of the counter-trend line and the retest of 1.080. Initial targets lay at the 1.050 mark, with secondary targets at 1.025 (daily ABCD completion).
Alternatively, price may break above 1.10. In the occurrence of this break-out, I would look to re-asses this particular pair.