The Euro is sinking downward after taking out the bottom of a Rising Wedge chart formation carved out over the past six months. Near-term support is now at 1.3598, the 76.4% Fibonacci retracement. A break below this barrier targets the
We entered short EURUSD at 1.3654 in line with our long-term fundamental outlook. The initial target is 1.3598. A stop-loss is set to activate on a daily close above 1.3710. We will book profit on half of the trade and trail the stop to breakeven once the first objective is hit.