Early trading this week has lead to a break below a projected triangle seen in the daily chart. - This week is set to be another one that can provide nasty headlines for the EUR/USD in terms of systemic risk and results from bank tests. - However, the RSI has yet to sustain a break below 40, so the bullish momentum from January 2011 has yet to be invalidated. A break below would be nice confirmation. - There are a couple of other clues that can also solidify the bearish scenario. - In the 4H chart, the market started the week with a gap to the downside, so if this gap is then filled by a rally, the bearish scenario ... (full story)