Eur/Usd Testing Trend Line

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Today we have a solid test of the daily trendline on the Eur/Usd. I am anticipating for this trend line to give way and for the price to continue it’s downward spiral. However do not enter short until we get a daily bearish candle. So I will not be taking any short positions today. I might consider taking it short tomorrow but I will let you know.

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Here is the daily chart with the trend line test I was talking about.

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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