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At a glance, the EUR/USD bearish impulse looks relatively overdone and the price is stalling after making a cycle low of 1.0472. At 1.0541, the euro is trading near Friday's doji close and bulls will be on the lookout for a bullish engulfing candle for the first day of the week to confirm the corrective bias. The same can be said for the weekly chart also: charts The price is based in what could be a phase of accumulation, at least on the lower time frames. However, failures to break higher will likely encourage the bears and lead to redistribution and a continuation of the bear trend for the days and possibly ... (full story)