Is the EUR/USD retracement about finished?

Is this retracement near exhaustion? Maybe.... so I will be getting ready for the EUR downtrend to resume, still long this retracement however.

Here is what 4cast has to say about it..... a free service from Oanda.

I was digging through some old posts and came across this, it might give some of you guys something to think about.
A Gann Re-entry Method

Nice and simple. Thanks for posting.

Once the trend is established or reestablised you may find this method of trailing stop of some use.

Billflet I know you will recognize this one.......

Bemacs trailing stop

According to 4Cast technical we should be getting things in order for shorting the EUR again, as soon as my tech. signal indicates short I will be entering then.

My indicator to trade has been triggered, and I am now short EUR/USD from 1.3226 with a 79 pip SL.



And here is what 4cast has to say....

Still short and holding.

I am looking for the down trend to resume and build momentum.