EU has been ranging for months. It indeed is a crucible to EU long traders, however, there is a base that why I still see EU is at the last push of going down. On 18/12/2018, a bullish engulfing candle showed with a super decent volume on weekly chart, since then, the volume has been declining above the monthly key level (or yearly). It can mean that some big players have been accumulating their position, if big players' power were to be released, we can see a super bullish up-move. However, if the price has closed below 1.11579 and failed retesting it on weekly chart, we should alter our plan accordingly.
DISCLAIMER: Whatsoever discussed ( called "it" hereinafter) is for self-improvement purpose only, it strictly is not a buy or sell call/ buy and sell call.