EU has been just trickling downwards for a long time now and in this scenario it is more likely for there to be a bullish move after a pattern like this.
It is alos apporaching a VERY long term trend line which would be confirmed at the third touch if we get a bullish move.
It is also venturing very close to the bottom of a bear flag and the 1.08500 horizontal support.
I am ideally looking for longs to that level atleast up to 1.12 level
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I have managed to get entry at the wick of this daily candle bullish pin bar. I will break down my entry on the lower time frame in the next update.
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This was my entry reason. (Mulstiple pin bar rejections on the hourly)