EUR/USD’s latest bearish reversal is extending lower into psychological support at 1.3000. • The move is being weighed by a recent DeMark™ exhaustion signal and is likely to lead to a major increase of volatility over the next few weeks. • A decisive close below 1.3000 is required to unlock the important multi-month reversal pattern into 1.2626 (16 Jan swing low). • Meanwhile, only a sustained daily close back above 1.3284 (01st May high), puts this scenario on hold for a potential recovery into our upside target zone at 1.3459/60 (200-day average). • Inversely, the USD Index is recovering back above its multi-week ... (full story)