EURUSD carving out ABCDE

EURUSD is nicely trading sideways. There are two possible counts on 1H bullish and bearish (green and red ABCDE respectively).

On 5 min chart, I see that EUR should bottom around US open. Nice opportunity to buy some longs. Placing SL will be difficult because wave E can come as ABC expanded flat where wave B can retrace lower than the previous low.