Pretty confident in a bullish outlook to EU , would like to see RSI above 50 but definitely worth a early punt based on RSI 60 and 240 both bullish and rejection from 50 on 60,,, SL at last Daily low and manage your profits as you see fit.
!! Meant to say July 2019 on text in image
Downtrend Continuation looking good for start of next week, worth the risk/reward based on POC at 109.533 and first TP would be 110.030, SL placed at 111.394.
Both RSI and Stoch 200 showing bearish , Price has been hugging EMA 15 , Not a lot stopping price freefalling to 110.030
As on my previous trade GBPJPY short we now have identical setup on GBPUSD, RSI and Stoch 200 have both dipped below 50 showing bearish confirmation, POC is above price and we have rejection off ema 15 for entry ,,, go short and manage your trade
RSI 200 dips below 50, Stoch 200 dips below 50, You cannot see this on my chart but Price is also below POC on H1 over the last 200 periods, wait for stoch retrace to 50 and enter or use your descretion