For today US news I would be happy to trade EU short if news will be worse than expected for USD [as good news increased EU value, opposite should happen with bad news].
I think there is still a bit of short pressure in EURUSD, however it may be not enough to press EU down on good US news.
Perfect trade would be bounce down on bad US news if price appreciated till 2:30 pm. I would expect about 50 pips.
If news are better than expected, it would be good for 30 pips up, but more I would find risky.
