Eurusd has taken out the high at 1.4150 which was also strong resistance from the 08-31-09 support. We have seen the second attempt to break .1.4022 to the downside and so far it has failed. Momentum is entering to the downside however(white dot on chart) so we could get a push through to the former down trend line @ 1.3961. This is a square up day so the 1.3961 is definitely a part of the equation if it can break this current suppport. A strong risk of simply consolidating in this area also exists. Upside risk is to the 1.4080 area. Be very cautious and only take the proven setup.
