EURUSD: entered short at 1.2910

14.35 bst

[system]

Entered short at 1.2910, with SL at 1.2980.

As per the longer term charts, EURUSD remains in a down trend. I expect there may be some retracement overnight to 1.2930 – 40 and one should enter short there, but we can’t be sure, so just take the plunge.

A close below 1.2925 would be definitely bearish for the Euro. However, there is the NFP tomorrow which could induce volatility – a range of 1.2970 – 1.2890 looks likely.

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