EUR/USD surged this afternoon and is retesting a down trendline on 4 hour chart that has been in place and tested several times in the past month.  The overall trend on the 4 hour and daily charts is still strongly down, so this represents a good low-risk opportunity.  I'll enter a sell stop order below the 2-period low on the 4 hour chart to ensure that price gets moving in my direction before I enter.  My stop will just above the recent high on the 4 hour chart.  A move above this point will represent a change in the medium-term trend, and I'll want to stand aside.

• Short Entry:  1.2718
• Initial Stoploss:  1.2860