Broken support: The EUR/USD has challenged and broken a key support area in the 1.2750-1.28 area. Now, not only has it broken a rising trendline, it has also completed topping action, introducing further bearish outlook in the short to medium term – that is if there are no surprise punches from the ECB, who’s meeting today (11/8) at 7:45AM EST, and than giving a press conference with Draghi at 8:30AM. By the time we get into the US session, we should be seeing the reaction if any to this risk event. Pullback: As you can very well see in the 4H chart the EUR/USD is bearish ahead of the ECB, but is slowing its roll as ... (full story)