The near-term rebound in EUR/USD appears to be losing steam as it snaps the series of higher highs & lows from the previous week, but a broader shift in market behavior appears to be taking shape as both price and the Relative Strength Index (RSI) threaten the bearish trends from earlier this year.
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On Sunday I discussed a falling wedge on the NZDUSD that could trigger a move higher. The pair appears to have broken wedge resistance yesterday, but now buyers face a new challenge.

You may recall from Sunday’s forecast that I explained how a close above 0.6700 would expose 0.6850. I included 0….