Daily Forex Update: EUR/USD

The negativity within the EUR/USD has yet to take a break, forcing many traders to look towards strategies that present entry opportunities amidst such a strong downtrend. The Autochartist Retracement/Continuation (A.R.C.) strategy is ideally suited to trading trending pattern alerts like Wedges and Channels. A.R.C. entries focus on trending chart pattern alerts such as with the EUR/USD 240-minute chart, which has been heading lower since May 10, and the Falling Wedge pattern that has formed within the downtrend.