Small update for my idea. Wanted to show you my view on this pair from bigger perspective. Since the start of 2021 EUR/USD is in wide downward channel, there was an attempt to break it from May 7th to May 12th, it happened to be false break out. Since yesterday, with help of local support at 1.206, this pair is trying to create an upward channel and finally...
These 2 pairs looks to me very similar for now. We are in in-between strong resistance and support. This is possible scenario of forming new upward channel. In case of breaking support I will start shorting on the pullback.