Inside technicals and chart patterns by 
The trend has been down since the roll-over through the Wave the end of July.
With a clock angle firmly at 4 to 6 o’clock it’s no time to try to pick a bottom. If you are looking for a buy, it will be better set up on a time frame that is not in a mark down cycle.
There is no doubt that right now we are testing a thick support level but there is a big, BIG difference between trying to pick the bottom in a market (dumb, dumb, dumb!) and playing a break up through resistance (brilliant!).
EUR/USD daily
IF we get a worse-than-expected NFP number tomorrow it will create in a bounce in the EUR/USD. I will be looking for a short on the 180 or 240 minute time frames if the set up triggers on the move higher.
EUR/USD 180 minute
And don’t forget that there have been short set ups on the shorter term intraday charts. This morning there was a 60 minute short that triggered during my Forex in the Morning chat:
EUR/USD 60 minute
There will be key support levels below the "Support/Decision/Area" at the 610EMA Lazy Days Line at 1.4150 and the psychological level "0O0" (triple zero!) at 1.4000.
EUR/USD Daily with Lazy Days Lines
- Raghee