1. EUR is expected to continue its downward trend after small pull back 2. Fundamentally, uncertainty about Italian budget and Brexit issues remain.
Red arrows: Ideally, we shall wait until price pulls back to 1.13000 to take short position, take profit at 1.16000 Green arrows: however, the market does not always go very ideal as yesterday also approved that. Take short position at around 1.12400 and take profit at around 1.16000