On our analysis on the 02.07 we were short EURUSD after a strong payroll and have since taken profit as the currency pair fell below 1.12. We are still short and long term we expected EURUSD to keep falling and believe it could fall to multi years lows below 1.08 by the end of 2019. This week could bring a significant amount of movement in the currency pair with the ECB on Thursday which could provide clues as to future EU monetary policy with Draghi to comment on potential rate cuts and further quantitative easing. Additionally US GDP data released Friday could impact the odds of a US rate cut and how aggressive the FED are in cutting rates. Therefore we hold our short position and will look for EURUSD to break 1.11 before taking further profit.