EUR/USD remains bearish, despite the recent sharp reactionary bounce which eventually stalled around resistance at 1.4420 (pivot zone). This confirms yet another bearish signal, weighed down by additional failed breakouts (see red arrows) from this major “Bermuda” triangle pattern, which has proved costly to most investors and traders. We prefer to open a trade setup once this pattern triggers a meaningful directional breakout into either 1.4160 or 1.4580 (on a closing basis). Our bearish view remains in play while the downtrend (from May 04th) holds. A resumption lower will target 1.3962 (200-DMA), where a large ... (full story)