EU has been on a low resistance liquidity run since bouncing off the resistance(TR) at 1.08900 due to the fundamentals released this week.
On the monthly view, the chart is in a downtrend and has broken the trendline support at 1.10000 and also the neckline at 1.06 but has since retested the trendline and is now ready for a further downside.
On the daily...