For today I'm comfortable with taking long on either EU or GU after European Industrial Production release. What I'm looking for exactly is if price will not break lower [current low is EU@1.4515 and GU@1.6550] around news and what's more 1M chart after news will show some higher lows higher highs. I would treat it then as good SL level and would bet for 100 pips gain within coup[le of hours no matter what news will be.
Otherwise, ifprice will continue falling I would stay away for today.