EURUSD attracted sellers upon reaching the 50 day EMA and the 50% pullback point on the corrective bear swing. The pivotal structure still suggests bullish continuation as long as the swing low around 1.1430 holds, therefore short risk on EURUSD is still the preferred choice. As of currently, the gap area around 1.1520, also the 50% pullback on the earlier bullish leg, is a must watch area for a possible bounce. Refer to lower timeframes for entries while keeping in mind the bigger pivotal picture. Long entries on this pair around 1.1520 with tight stops below 1.1480 and wider stops below the swing low 1.1430 seems reasonable for now.
Trade active:
Long 1.1535, stop 1.1500, 1R-2R targets
Trade closed manually:
Closed @ 1.1510 with a 0.7R loss