RusshaneBowerise
Short

Eur/Usd Daily Analysis

BTCE:EURUSD   Euro / U.S. Dollar
Here we have a daily chart setup of the Euro             against the US Dollar             . The pair is trending in a downtrend so we will be looking for shorts. Confirmation of the downtrend is price currently trending below the 200MA. You can see rejection off of the downtrend-line. At that rejection point you can also see a bearish Evening Star pattern formation followed by a pullback and rejection off of the resistance zone . My targets if this trade goes right will be first at support zone 1, then I will take profit and let the rest run to support level 2 if the up-trend line is broken.
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