Last week we could see how a single small candle like a spinning top helped a major turn for the euro, at the beginnning of the week we were talking about the possibilities of the currency to turn and confirm the downtrend, well as we can see the currency dropped to the 1.4125 zone and our strategy worked very well, first we spotted the bearish signal (with the trend), then we had confirmation (where we should have entered), and then the crossing of moving averages (which helped the drop) gave some more bearish momentum. So far we have a drop of around 360 pips.
So the euro is attacking the 1.4125 support zone, lets remenber that a psicologic support at 1.4000 is very important. We want to see a big black candle today to confirm we are still in the downtrend, in contrary if a bullish signal shows up in our chart, we will wait for the next sesion to confirm or not the turn.
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