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Sell EUR/USD on the break of the 200-DMA

EUR/USD breakdown of the 200-Day MA - that's important by itself if we look at the August 2008 chart and see what happened after the pair broke down at that time.

 

Certainly selling on the break is very hazardous as in our time plain breaks do not happen in the old-fashioned straight way. However as I watch the EUR crosses Euro looks quite weak on all. EUR/GBP broke its 200-Day MA a few days ago and it was the 4-th test down which this time was successful and that is also significant technically. EUR/JPY also broke down off the tight MA cluster and it is going to 128 with nothing in the window below... I'm going with the break with reasonable stop so if it is faded I will have power for new tests.

 http://constellation1976.blogspot.com/