The Euro broke its down trendline last week and established a higher high.  The safest way to play a trendline breakout to wait for a pullback, and that's exactly what I'm doing.  The pair has pulled back nicely, and if I see a bullish candle or two in the near future, I think I'll jump on board and see what happens.  But for now, I'm just watching and waiting.  Hopefully, it won't decide to take off while I'm asleep tonight.

Below's the 4 hour chart of EUR/USD.