EUR/USD chart: EUR/USD rose to a 5-day high on Friday, with its rally stopping just shy of the 161.8% Fibonacci projection. Yet the sharp reversal saw the day close with a large bearish Pinbar on the daily chart, which marks a potential swing high just below 1.0100. The 4-hour chart shows a bearish engulfing (and bearish outside) candle. Prices have just broken beneath trend support and considering a break of the July low (0.9992). The bias remains bearish below the parity resistance zone and for a move down towards the 138.2% and 161.8% Fibonacci projections. {chart} USD/JPY 4-hour chart: USD/JPY eventually broke ... (full story)