Morgan Stanley picks EUR/USD as its technical FX chart of the week where MS remains bearish and looks for selling opportunities on rebounds. MS provides some important levels for this potential trade where traders should consider entering this trade and placing their stops and targets accordingly. On the long term EUR/USD Chart: "EURUSD has accelerated lower, moving just below the bottom end of the recent trend channel at 1.0630. Currently in a downward C-wave, whose substructure below shows that the wave is incomplete, supporting a bearish view. The next lows to watch out for are 0.9613 (Sept- 2002) and then ... (full story)