EUR/USD remains bearish, while last Friday’s reactionary bounce holds beneath resistance at 1.4580. Failure beneath here would confirm 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). According to our cycle analysis, there is a heightened probability for increased volatility this week. Our bearish view remains in play while the downtrend (from ... (full story)