Here’s a plan for E/U keeping in mind that today is a US holiday and impact news is pretty light this week. From my post last week on E/U price has fallen into the support zone mentioned which is this weeks W-PP. This plan has a 1:3 risk reward approx entering near the W-PP and targeting the weekly profit zone & 38.2 fib extension especially if the W-PP holds price above it. In thin markets extend your ‘time’ for entries as price will likely lag a bit. Look to buy OS stoch cycles especially if the 21-55 crosses back above the ‘0’ line & price rises above the 55 ma as the daily stoch looks to cycle up as well. My entry last night was on the OS stoch cycle, my trade last week was exited Friday with over 100 pips.
Note, alternate trades looking good with very similar setups are the NZD/USD long and USD/CHF short. Also keep your eye on gold as it will positively correlate with E/U as well.
Lets see how it plays