This down-leg today might not not sustain as the EU data is somewhat positive, IMO
there is Support, there is Resistance, there are the Buy Orders (Demand), there are the Sell Orders (Supply), there are the Retailer Stops…
Then a little Priceaction: a nice bearish engulfing forms, does a pullback, retests the Resistance, loss of bullish Momentum, Supply kicks in…
have no opinion. Opinions only blind you for the only thing that matters in trading: Price
Buy when it’s cheap, Sell when it’s expensive. That’s really all you need to do in the long run.