EUR/USD technical outlook for September 2, 2014

Simply put, we are still short the Euro, because it has failed (at least so far) to make any technical rebound after having lost over 850 pips in the last 4 months. It might be because of the ECB or anything. This is not something that should interest technical traders though. Our stop on this position has been trailed down to 1.3185.

EURUSD(5 Hours)20140901

Chart courtesy of investing.com. http://investing.com

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