At first glance, seems like a good short entry. However, this is not a straight forward trade. There was the gap up followed by indecision. EU has bumped up against some key resistance zones, but also hasn't reversed course (see 1D chart below). At this price, I am more prone to go short, although I'm hesitant to open a trade with the current mixed price action. This consolidation could indicate a potential move higher. Watch for a break above ~1.096. A move slightly higher could be a good short entry because of a favorable SL/TP ratio that would be hard to ignore.
I'm still on the side lines. This is one to watch.
1W:
1D:
I'm still on the side lines. This is one to watch.
1W:
1D:
