EURUSD RALLIED TO A ROCK - DECISION POINT

Yesterday was a major retracement on the EURUSD downtrend and was able to hit a major 4hr resistant at 1.37821 at this point one should expect a dash down again to continue the trend - but EUR is obviously Over sold in the major trends and may be working towards a reversal. So to pick a short i expect the trendline of my 15min timeframe to be defeated with a journey down to the 20sma of 4hr tf. Alternatively, a break of 1.37821 may see an uptrend confirmed.