EURUSD - Its not over until the fat lady sings

And regardless of what other's say, don't expect to short Euro anytime soon... unless of course 1.395 is taken out. And a bit above that as well. The EURUSD renko chart shows a simplistic view of the price action. A descending triangle breakout gives us a target towards 1.4 region. I've taken a more conservative view by target of 1.395. The chart also shows how easy it would have been to take long positions at 1.3376 regions. Sure back then it would have been a bit silly to expect EURUSD to hit 1.39... but price action has unfolded something totally different.

EURUSD - Renko Charts, Long Term

We could expect price to hover around 1.406 levels before any short positions can even be imagined.