Top, pullback: The EUR/USD broke below a triangle in a topping attempt during the 1/15 US session. The top was established when it slid below 1.3320-1.3332 support area. It has yet to test the 1.3248, 38.2% retracement and the 1.3244 support pivot before a pullback. As we begin the 1/16 US session, we see that the pullback respecting the 1.3320 level as resistance. This adds to the bearish bias as it shows that the top is set. A break above 1.3350 however would make the top suspect. Targets: You can’t really call this decline a trend yet. It should be considered a correction for now. The 1H RSI hasn’t even tagged 30, ... (full story)