Eur/Usd Testing Trendline

The Eur/Usd is currently testing the downward trendline at the 1.3500 price area. If this area breaks we could see a target and support area of 1.3425/1.3400 area. If the price bounces off of the trend line to the upside we could see the price go to the 1.3600/13650 area. There is going to be some important housing data being released today that may help determine which way this trend is going to continue.

Follow me on Twitter to get trade updates throughout the day. Also make sure to follow the channel #FxPG to get updates from the entire Winners Edge Trading Team.

The following two tabs change content below.
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.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news