Has price action pumped this pair into the upswing of a wave or have technicals taken the EUR/USD to the top of this wave? Each technical indicator is overbought for it's recent history and we are at the top of this wave, so it might not matter what brought us to the top of the wave. The trend is down, our old friend. If you have enough capital to move the EUR/USD a pip, then think about trading against the trend.
The sharp jump against the greater trend only allows the decision to enter a short position to enjoy the trend, easier. If the Euro rises to great power this day, a stop-loss will ensure no great loss.
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