This is the situation: 2 patterns at the same time, the YELLOW and the BLUE
BLUE: lower low and higher low formed, and the blue resistance has been broken, so we probably see the EUR retesting the yellow resistance, for the yellow lower low and higher low.
If the yellow resistance will be broken, target to the ...
The blue bear trendline is clearly broken.
Now the situation is: we need a bottom for our RSI (near to be overbought), so in the short term we could have a retrace to 1.08, and a nice Head and Shoulder pattern forming!
In really short term: short position, with TP around 1.082/1.081, and it could be the last chance ...
We still have a bearish RSI and today we had what it seems to be a break of the bullish!
However, RSI still needs a top. So we could have a little rebound, nice chance to short a trend that seems to be under big pressure.
* Obviously, watch the daily events *