Yesterday I mentioned the potential for a EURUSD bounce this week. While it’s still early, the euro has caught a bid so far today. The single currency is up 30 pips following a relatively bullish Friday candle. It wasn’t what I would call a pin bar due to the longer upper wick, but Friday’s session did signal an influx of buying pressure around 1.1250. That buying pressure was a result of the retest of descending channel support. It’s a short-term pattern, but one that has driven the price action since late January. However, this idea is more speculative than most. The markets have been choppy so far in 2019, and the ... (full story)