Technical Analysis EUR/USD

The fx pair on H1 is moving sideways. The bigger TF shows the market is still in downtrend. This all means either the market moves down or a base building is on what the shorter TF players driven. From shorter view it is really difficult to say what will come after the news movements. To trade in this situation better to move down to M5 or to move out over to H1 TF. But for the end of the day in M5 TF SHORT positions can be taken with just a short play. Right after the last lower low falls candle stop should be used and the TP is S1 if the market breaks out from the ongoing M5 range.

Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.