The EUR/USD cracked appears to be topping, or at least in a corrective decline if not starting a bearish continuation. In the 1H chart, the pair shows that it was unable to push back above the middle of this week’s range between 1.2442 and 1.2340. This reflects bears taking over. Also note that the RSI reading kissed 30, pulled back but failed to break 60, and is now kissing 30 again. This dynamic reflects development of the bearish momentum in the 1H time-frame. As we do see RSI tag 30, with price act the 200-Hour SMA, and time just ahead of the US session, we might see some very brief .. If the market holds below ... (full story)