Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

EUR/USD Technical Outlook - 1

|Includes: CurrencyShares Euro Trust ETF (FXE)

From September 6th, EURO has been in an uptrend which targets a pullback with the broken rising channel. In the 1.3318 to 1.3348 - wherein a AB=CD pattern materializes - we will expect selling pressure.

Our trigger to short the EURO will be the breaking of the 1.3246 level to the downside.

Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in FXE over the next 72 hours.