The reason why EU SHORTS didn't work is because that was the first reaction form a very clear D1 Demand Area.
Supply and Demand Areas like this one on D1 (I'm not talking about Support and Resistance Levels) are very strong and usually these are turning points for trends, or big moves against the trend.
So, since EU reached that D1 Demand Area we can expect a ranging market and then an Up-trend to get at least to 1.2920
Ofcourse, I could be wrong.
Supply and Demand Areas like this one on D1 (I'm not talking about Support and Resistance Levels) are very strong and usually these are turning points for trends, or big moves against the trend.
So, since EU reached that D1 Demand Area we can expect a ranging market and then an Up-trend to get at least to 1.2920
Ofcourse, I could be wrong.