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Sells taken on EURUSD today from 1.3745 area. Alignment of a few technical trading indicators provided a barrier that proved to give this pair some resistance today. On the daily chart there was a test of the bottom of the previous up trend line and the .382 fib of the most recent downtrend. Drilling to the lower compressions we can also look back to Oct and Nov and find other support and resistance along this same price level. Profits posted as the market reached towards the 1.3700 area and former resistance on the 1 hour chart. A break of the 1.3745 area could begin a new leg higher so caution is stressed on the break above. confidence will grown on the downside on the break of the up trendlines on the 4 hour chart.
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