The EUR/USD is setting up nicely for a short on the daily chart. With two possible entry points we will be waiting for the second point to trigger our short. We will be taking this pair short up near 1.13850 area with huge profit potential of 400 Pips which is the tops set back in late March of 2015. Our stop will be if point X is taken out which is a break of 1.14600. This setup is being confirmed by our algorithm and is a play with the overall downtrend this pair has been in over the past year. As the saying goes let the trend be your friend. We are viewing recent price action as corrective within a bearish trend.
