Looking to short EUR/USD as EUR is currently weak and USD strong.
Previous demand (structure) have been taken out by the sellers creating a fresh leg 1 meaning that the sellers are back in control for further downward momentum.
Currently awaiting pullback to supply for entry.
Expecting EUR to spike up if the rates are unchanged as that is what price did last time.
In this case of event I am looking to go short at 1.1316 instead of 1.11.