aceofswords
Short

EUR/USD Bearish Pennant & 10 YEAR Trend Line

FX:EURUSD   Euro / U.S. Dollar
902 1 10
Bearish Pennant has target at approximately 121875, 'coincidentally' price target is DEAD ON for a touch of a TEN YEAR trend line also at approximately 121875. This "coincidence" is highly unlikely to go un-noticed by the market and I would imagine a retest of the 10 year trend in such close proximity would be irrisistable.

Observe price action for short entry, but a retest of 1.23117 could give a possible short entry point.
I like, this may be the retrace reversal in play...
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