Surefyre
Short

EURUSD about to break one way or another

FX:EURUSD   Euro / U.S. Dollar
275 0 3
But which way? Breaking upward requires busting two trendlines - (A) and (C), breaking down requires breaking one and historically there have been large downward movements after hitting trendline (A) which has just had a third confirmation 5 or so weeks ago from the rebound.

Despite the general upward momentum over the last year I'm inclined to lean towards a bearish position. Also, is that a divergence I see in the RSI (red line in mixed indicator window immediately below chart) and the MACD?

Tempting to pop a short on now thought there might be one more touch of the long-term (A) which would give a better entry.
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