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Trade of the day on the EURUSD sold 1.4258 at 9:11 am ET. Trade closed with 50 pips but much more potential for traders holding for more.
During the trade room today we discussed the break of the trend line as viewed on the 30 minute and the 1 hour chart, with the open and close under the trend line. We also noted the possible entry on the retest of the trend line.
The market moved back to test the trend line as viewed on the 30 minute chart.
Additional confirmations came with the break and attempt to retest of the Tunnel on the 1 hour chart.