EUR/USD Swing Short

Conservative or Aggressive?

There are two potential short swing triggers on the 240 minute EUR/USD as prices are bouncing with the dollar weakness and equities strength today.

There are two set ups to watch.  Both are valid on their own but entail using different short trigger levels.  The falling wedge pattern is the more aggressive of the two as prices would trigger a short entry at the downtrend line resistance currently at 1.3940.

The alternative is the 34ema low waiting at 1.3976.  Both are valid shorts as long as the market cycle remains in a downtrend.