The EUR/USD pair fell during the session on Friday, completing a bounce off of the downtrend line that is the top of the descending triangle that we have been in. That being the case, we feel that this market could very well fall, but there is a ton of support below, so is very difficult to short. That being the case, we think that the easier trade is on a breakout above the downtrend line, on a daily close. That move would be simpler, but if we managed to break down below the 1.32 handle, we think at that point time we have no choice but to short.
Written by FX Empire