Possible long if we break the key area with confidence.
Definitely one to watch with the ongoing trade war currently happening.
AS YOU CAN SEE FROM THE CHART, THE EURUSD BROKE THE ABCD FORMATION AND ROSE TO 1.065 THE UPPER RESISTANCE OF THE ABCD THEN ACTED AS SUPPORT CAN SEE A POSSIBLE PULLBACK TO CURRENT RESISTANCE BEFORE TESTING THE 1.035 SUPPORT AGAIN. KEEP AN EYE ON THE US YIELD AND DXY, AS BOTH SEEM TO BE RISING SO IMPLIES THERE IS ROOM FOR MORE BEARISH MOVEMENT!
Failed to break 1.05, may see the rate retrace to 1.035.
Possible short Retracement to existing support of 1.05, may break and provide new lows with new data out in upcoming week.