The EUR/USD continues to hold below 1.26. We can see in the 1H chart that the attempt to break it in the 5/24 US session was quickly rejected even though 1.26 was cracked. After a bounce from the week’s low near 1.2510, there was another test of 1.26 in the 5/25 Friday US session. Again, the market rejected the bullish attempt here, this time digging into a new intra-week low, cracking the 1.25 handle. Note the RSI tagging 60 and then dipping back below 40. This reflects a persistent bearish momentum developing, confirmed if the RSI reading also dips below 30. If the bearish market extends, what’s the next area of ... (full story)