Euro Sliding Towards Support on 15 Minute Chart Against Dollar

A very short-term 15 minute chart shows that the Euro has been trading higher against the U.S. Dollar only to retrace back towards the identified upward sloping support line. Traders may want to look for a substantial close below this foundational level as a potential entry-point for a short position on the pair. On the contrary, support may continue to act as such and see to it that the Euro continues its upward trajectory following a brief touch.