EUR/USD Wedge Support

The uptrend on the 240 minute EUR/USD has been rejected at the 200sma that has come down as a dynamic resistance level.  The selling pressure at the 200sma and the support of the wedge uptrend line has
brought this pair to a major decision level.  The Initial Trend is low and indicates that the uptrend is stalling and becoming range-bound. If the uptrend line breaks and prices can head lower through 1.4465 keep an eye out for 1.4450 support and remember that the Initial Trend is pointing to sideways movement from here.