EUR/USD — Short term, it looks like a run downward is probable, given that price is now consolidating in the low 4700s. Also, the upward trend failed yesterday at 4766, again at 4758, and again at 4753. That said, we're definately in a ...

EURUSD

Yep. — And break of 1.4725 will likely result in the resumption of the downtrend occurring prior to the speculative movement ahead of the news.

EURUSD

Third rejection off of 1.4750 zone — ...and looks like a head and shoulders pattern forming on the 5M

EURUSD

Not good news for the bulls — 2nd hard rejection off of the 1.4750 zone.....the waiting game continues....

EURUSD

Second 1.4750 Rejection — A second rejection off of the 1.4750 level looks like it's developing....

EURUSD

Exactly. EUR/USD is extremely top-heavy right now, and nine consecutive days of higher highs is a rare event, indeed. The retracement is coming, and likely to be quite large.....just don't overleverage in the meantime.

EURUSD

Better rethink that support at 1.4750 - and if you look at the run up from 1.4342, there has yet to be a significant retracement....just a matter of time....

EURUSD