This is a long term short opportunity and could either simply go down 200 pips, or 400 pips or even 600 pips. We will see how it performs as it goes.
However, in the short/mid term, there is indeed a short opportunity of somewhat 200 pips.
I will keep my eyes on it and invest after enough confirmation about its next down move is available. As it's possible it may first go up and meet the resistance and then begin its descend further down.
Wish you all the best!
We'll see how it goes and I'll open back my short position eventually.
I closed my position in the short term for now.
From what we can see on the weekly time frame, a continuation pattern is unfolding itself.
This could actually be a good opportunity to long EUR/USD on the very long term if the current price level holds.