The EUR/USD pair started the trading week with a break below 1.21. the area provided important support recently, leading many to believe that a descending triangle forms. Judging by the price action, we may say that the pressure against the horizontal support does support the bearish pattern, and a close below 1.21 should send the pair even lower. Europe struggles with the pandemic as various European economies are in lockdown mode. The recent delay in vaccine deliveries means that the lockdowns are likely to be extended. As such, the economic impact will be much bigger than initially expected. Nevertheless, the PMI ... (full story)