If you are a EUR/USD trader, you know this that this pair has its own personality and you cannot trade it like other pairs. For the last few months, EUR/USD is in perpetual decline. The last high it had made was 1.37000. ECB intervened strongly when EUR/USD hit this 1.37000 resistance line. The idea was to start a strong downtrend. ECB succeeded in it. EUR/USD might bounce a little somewhat but overall its downtrend is going to continue till next year or as long as EURO zone is not out of its economic and political troubles. Before you trade EUR/USD, always keep an eye on the fundamentals of the market and don’t enter into a trade only on the technicals.