As the market trades into the European session, EUR/USD is being rocked. - The initial stage of the triangle scenario appears to be taking shape. - The 1H chart shows the market after a strong break below 1.4450 was then followed by a pullback. The pullback respected the previous consolidation area, and fell sharply back below the 200SMA to confirm the topping attempt. - The 1H RSI reading shows the market establishing bearish momentum dipping below 30. The daily chart shows the triangle scenario developing. The middle of this triangle is near 1.4330. - If the 1.4330 pivot is broken, the triangle support is projected ... (full story)