EURUSD The euro is looking pretty bearish on the daily chart, following the formation of yesterday’s spinning top candle. This typically signals a trend reversal, although it’s best waiting for further confirmation of this, either from another bearish candle today, resulting in an evening star formation, or further selling signals on the lower time frames. The stochastic has also crossed in overbought territory, which could act as confirmation of the move lower. The 4-hour chart is also looking bearish, having broken below the ascending channel that is has been trading in over the last week. Since breaking below, it ... (full story)