Falling consolidation: EUR/USD has been retreating from 1.3645. One can argue that it has completed an ABC correction pattern, and the current rally from 1.3485 is either a bullish continuation swing or a connector before further consolidation. There is also a projected speedline connecting the previous 2 resistance pivots. If the bearish correction is still developing, the market should pivot around this speedline for another bearish correction swing. The 4H stochastic is overbought and gives another reason to consider a bearish swing to follow the current rally. The downside risk is back to the 1.3485 low then the ... (full story)