The price of EUR/USD looks stretched and approaching a key support area 1.108/1.105, aggressive traders could look to buy from that area to get back to 1.12 before the main short trend resume (red lines). Thursday and Friday will be a very volatile days for this pair and may be a good opportunity to buy deeps.
Backup plan is sell a retrace after a break and close below support area (blue lines).
Backup plan is sell a retrace after a break and close below support area (blue lines).