The Eur/Usd pair had broken the 200sma SurpriseBox on the weekly chart. This had formed a head and shoulder formation and it seem that the neck was broken several weeks ago. Now on a recoil. Although this pair is unpredictable as a "wild animal" in the short term, start to accumulate to the downside and plan short term trades. Stop at 1.35 corresponding to a recent high before neck brake. Target is 1.20 corresponding to 800sma. Shorter term, 15 min chart and 4h chart may provide several trade opportunities. 
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
