With big news ahead in the Euro
and a possible big setup, I see this swing setup emerging soon. With almost a 3:1 R/R ratio i do not see any problem with entering for a swing with a small position around the 1.09848 area. Another entry may present itself off of the trend line
drawn. If we get a strong bearish
close below that trend line
I would consider the trade invalid and a reevaluation will occur.