Given all the recent excitement surrounding the EURUSD, traders have been hyper-focused on trading the day-by-day and hour-by-hour swings. However, when high-impact, unprecedented developments come into play (and I’d definitely consider a major central bank opting for a negative deposit rate for the first time in history to be a massive event), it’s important to take a step back and look at a long-term chart. The monthly chart shows a number of bearish technical indications that suggest the EURUSD may have put in a major top around 1.40, and that the pair may generally fall for the rest of the year. The first pattern ... (full story)