Learn to trade with consistent success http://boafx.com - This short position is based primarily on a technical set up although the long term fundamentals do fit the picture aswell. The Euro is still in and likely to be for the duration through to september 2016. The Bank of Japan are increasingly optomistic regards there and we could soon start to see tapering in that department. The technicals depict a pattern that has just rejected the of the second shoulder woth a candle on the 4 hour chart. I will wait for this to break the RI level today or open a lower red candle on the 4 hour chart.