The rally that followed the poor Non-Farm Payroll in EUR/USD did not extend. It came up to 1.3113, 23.6% retracement of the 1.3377-1.3031 swing. This was the base of the previous 1-day consolidation as well. The market starts the 4/8-4/13 trading week, with an attack of the previous low at 1.3030. The RSI in the 1H chart did not breach 60, and is now attacking 40, at the cusp of bearish continuation as price is also trying to make a new low since the fall from around 1.3380. It should also be noted that the price and RSI shows a negative reversal signal (where the RSI makes a higher high, but the price high is ... (full story)