Bearish continuation: The EUR/USD dipped to a new low on the year of 1.2843 before a relief rally during the 3/20 European session, and now into the US session. The 4H chart shows a market where price is falling lower, out of projected support and the moving averages are in bearish alignment. Losing momentum: The RSI has held below 60 after tagging 30. However the RSI reading is showing bullish divergence, and has been unable to tag 30 again since Feb. 22, reflecting a loss of steam as it maintained the downtrend that began at the start of February and broke below a key rising trendline from July 2012. Resistance: If ... (full story)