EUR/USD: Hold Short as Selling Accelerates

We initially sold EURUSD at 1.4328. The pair has now produced an Evening Star bearish candlestick pattern below the recent range top at 1.4535, the July 27 high and our stop-loss threshold (to be activated on a daily close above the level), and proceeded to break lower through rising trend line support. We will continue holding short, aiming for a soft target at 1.3976.