Two weeks is an eternity in the forex market but over that time frame, prices have consistently found support in the 1.4200/20 area. prices are dipping into oversold territory on the hourly charts, setting up the potential for a quick rebound.

This time could be different and maybe prices will finally breakdown, but looking at the chart, closing your eyes and buying EUR/USD with a tight stop looks like the way to play. Set a stop in the 1.4160/65 area. We trade now at 1.4219.

9-1-eur