The British pound initially has rallied during the previous week, but then broke down rather significantly. By forming the candlestick that we have, it tells me that rallies will continue to fade, and then eventually the market could go down to the 1.20 level underneath. At this point, the market is starting to come to the realization that we are in more of a “risk-off” world, and of course, with the Brexit causing issues still, it is likely that we are going to see headlines come in and cause issues from time to time. Fading rallies continue to be the best way forward as the noise is deafening. {image}The Euro ... (full story)