EUR/USD Longsetup still in tact but need a confirming close

If you have followed my analysis I am expecting that EUR/USD finds a temporary bigger bottom soon and we should see a nice chance/risk opportunity to the upside. Now with USA Economic Data weakening this scenario becomes more likely since the the pressure on the FED for further rate cuts increases this could get priced in before the next FED meeting already. Unlike predicted we have seen a new lower low in the EUR/USD but this low has been marginal so far. Currently it is best to wait however until a certain price level on the upside gets taken out (red line), should this happen then I long setup should be in play.