FX:EURUSD Euro Fx/U.S. Dollar
The EURUSD's selling has been persistent and aggressive. However, that doesn't mean that it will end with an abrupt reversal. The circumstances for its decline run much deeper than technicals and they are not as easy to resolve as Greece finding short-term funding. I'll keep my bias , but positioning depends on better entries and reasonable targeting.
I'd need the directional movement index to switch to really consider a short entry. I can't really see that happen while price is above 1.1 for now, so while I think a bit of a pullback is imminent, I'm still keener on long entries for now.
Below 1.1, yup, short's probably the better option.