EURUSD The euro is continuing to head south after bouncing off the 50 fib level last week. The break below the mid-bollinger band on the daily chart could be quite significant today, as it would go some way to confirming the bearish outlook for the pair. Just below here, around 1.3030, is the neckline of a double top that has formed over the last month or so. A break below here, based on the the size of the formation, should prompt a move back towards 1.28. This is just above the neckline of the head and shoulders formation on the weekly chart, which I’ve highlighted over the past couple of months. A break below here ... (full story)