profprof
Short

EURUSD close to major pivot point at trendline

FX:EURUSD   Euro/U.S. Dollar
EURUSD             is close to an important point at the resistance trendline . If it bounces off and down, we might see a down move to the lows of the daily chart support levels. If it bounces off the daily lows and heads back up, we will get wave 5 to the daily highs. If it breaks the support, the weekly chart would be a huge bear flag correction structure and we will get bigger downside. I will be taking a short if it bounces off the 4 hr             resistance trendline , with stops a bit above it.
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