Euro / U.S. DollarShort
EUR/USD Broken Trendline? Key trade to look out for next week
Updated
EUR/USD has broken a key trendline. It is now retesting it, if the retest is successful and it bounces from the trendline, we are expecting to have a short term sell setup. This is how you confirm that there is downside after a trendline is broken, it breaks, retests and then starts to go down. Be careful with the sell trade as I do believe that it is short term. Long term I do believe we are looking at more upside. I can see further Euro weakness. Trade safe Traders.
Note
Another rejection from resistance @1.19905
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