DislikedBulls seem to have established a channel in EU and have incentives to take profits by now (around 30 pip), but the question is whether strong bears will be stepping in right now? To me it looks a bit like a parabolic channel trending up in steps that could break out above the High of the Day. Sellers may be lurking a bit higher -- will be watching for price action confirmation around 1.245 to reverse to Short. Alternatively, even that short could be a bear trap and set up a Long for a high momentum spike to 1.2485, to test the 4-hour / Daily trendline....Ignored
Cut your Losers short and let your Winners run.