EURUSD - Primary Analysis - Aug-16 0423 AM (4 hour)

So we broke through the sloping down trendline today with pretty much no resistance . This puts us up near 1.45 with an interesting looking shooting star bouncing off what is maybe a new downtrend line ? For today look for resistance at this point and a possible short with a stop above 1.45. Just wait to see if we get any sort or resistance showing before jumping in . Look to see if we get a bounce down and then a failed retest before jumping in .  Similarly if we do break to the upside then wait for a failure to the downside before going long. If it flies through resistance like it did today then dont go chasing it.