We had a break out of the ascending CTL yesterday which gives me reason to believe another Bearish run could start. A break of the 200 EMA @ 1.06150 with confirm the bearish bias as will remaining below 1.06600.
We have entered a small position at market price after having a good rejection off the 50% fib retracement of the impulsive move out of structure
Another position will be added on a break of 1.06150 and then potentially again at 1.05800
54 pips in profit. Moving stop loss to break even
Please go view the updated EURUSD chart...