Hi Traders, here we are on another follow-up analysis on the EU. EU found some selling pressure, broke below the 1.1530 - 1.1630 minor range. Are we looking for a short right-away? Personally, I wouldn't suggest you to, mainly because of the Price Position now. Price is at a multi-month low, shorting here gives us difficulty in quantifying our Risk, Risk-to-Reward, and the probability of success. I am being very neutral on EU in the short-term, market could go both ways, but the previous structure (1.1530) will be my short-term guideline.
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Trade safe and take care.
All the content I've posted are meant for educational purposes, please perform your own research and only take it as a reference.