The EUR/USD fell last week after the FOMC statement gave the USD a boost. The decline was sharp and extended below a rising channel that held EUR/USD bullish since the beginning of February. The market tempered with EUR/USD weakness at the end of the week, resulting in a slight consolidation so far. Simply put, the market was bullish, now there is a strong bearish swing, which in my opinion makes it neutral. In that case, I would like to wait to short a pullback because after last week’s downswing, there is some upside risk in the next few sessions. I prefer waiting for a pullback toward 1.3877 pivot, or even up to ... (full story)