Here's an analysis of EU. The overall trend is Bearish on the Daily Timeframe. Price just came out of a Correction now its starting to be impulsive. However, EU price is still trading above the diagonal bullish trend thus the 90%rule Pattern hasn't been activated. Chances of it bouncing on the trend line are likely. But based of the original trend, market flip, EU is Bearish. Key economic events might shift direction momentarily but not change.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.