I'm going to recommend you short EUR/USD
Rate: 1.2710Stop: 1.2800
Limit: 1.2500
TECHNICALS: After a big trending patern, an upward wedge pattern means that people are consolidating their positions before the next big downturn. In addition, the end of the wedge seems to be right at the 38.2% Fibonacci line -- which means it will meet resistance.
FUNDAMENTALS: Big news coming out of Europe in the morning @ 8:30am. This could either send the EUR up....or down....depending on the news. I predict (i.e. guess) that it will not make the markets happy, and will be bearish for the EUR.
I am short 30 units......
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