EURUSD has been making lower highs and higher lows since the end of March on the four-hour chart, forming a shape of a symmetrical triangle, which looks to be at risk at the moment. The momentum indicators are currently indicating that bearish pressures exist as the RSI seems to be resuming negative momentum below its 50 neutral mark, while the stochastics have yet to confirm oversold conditions below the 20 level. Still, a decisive close below the ascending tentative trendline stretched from 1.0635 is probably required to give the lead to the bears. Such as and if the 1.0767 obstacle lets the sell-off to continue, ... (full story)