The 1H EUR/USD Chart shows the market remaining bearish. 1) Price action tried but failed to break above the 200 simple moving average. This price action is also setting up a double top. 2) The RSI remains below 60, showing maintenance of bearish momentum in the short-term. Furthermore, the market is attempting to break below 1.3650, which is the middle of the range. A break suggests we are heading towards this week’s low at 1.3590. If the market breaks below this low today, we can categorize the consolidation as an expanded flat and look for bearish continuation. The swing projection seen in the 4H chart to 1.3250 ... (full story)