EU Update: EU BIAS: SELL

The EU is struggling to break above the trendline now, showing the bearish continuation sign in the H1 timeframe. The best way to approach this market condition is by waiting for the price itself to show you the direction. But, currently, the bears are struggling to control the market. The overall market trend is bearish. Bear this in mind if you are going long on this pair. All we need now to sell this is a strong bearish candlestick. It may be a bearish engulfing or a bearish pin bar candlestick. If one of these candles forms, then you are good to go selling the pair. Happy trading.