The EUR/USD had a sharp sell-off during the 6/21 session, which broke below June’s rising trendline, as well as form a double top after breaking below 1.2550. It then consolidated through the 6/22 (Friday) Asian and part of European session. Entering the US session, we are seeing a pullback. The 1H chart shows a bullish divergence resolving withe price action pushing back above the overnight high at 1.2560. Here are some things to monitor in this pullback. Note 38.2% retracement, 200-hour SMA at 1.26 psychological barrier. This is also likely where the market would test the broken trendline support as resistance... (full story)