EURUSD is in clear downtrend on major timeframes, on daily timeframe it has tested the key structural resistance zone of 1.14827 which was the last point of structural interest as well. Since then market is moving downside and developing bearish price action. technically price is more likely to go down towards 1.1200-0.11500 in long run.
Now if we pay attention to H1 timeframe the structure is really bearish, today EU has tested the key trend joining area of 1.13800 and after that market is falling. Based on this price action we can say that market will go more lower towards 1.12900 zone, so we should be looking for Selling Trades.
In conclusion we can say that EU is bearish overall and during this Risk On situation prices are more likely to go down.
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