The move lower today was a bit aggressive, considering that the AVERAGE TRUE RANGE (ATR) had support at 1.1310. This could be a position wash-out of sorts, beginning of the year type move. We continue to favor the LONG SIDE in EUR over the medium to long term, but notice these moves and adjust if needed.

For now, our stop on our BUCKET B trade remains 1.1170, that is the level we have to protect.