EUR/USD’s latest bearish reversal is extending lower into psychological support at 1.3000. The move is being weighed by a recent DeMark™ exhaustion signal. • A decisive close below 1.3000 is required to unlock the important multi-month reversal pattern into 1.2625 (16 Jan swing low). • Meanwhile, only a sustained daily close back above 1.3284 (01 May high), puts this scenario on hold for a potential recovery into our upside target zone at 1.3460/62 (200-day average). • Inversely, the USD Index has breached the lower side of its multi-week triangle consolidation pattern. Support remains at 78.66 and 78.09. • Expect ... (full story)