Looking at this chart it certainly is not screaming BULLISH BIAS at all. We broke the triangle on momentum. Price has been not able to obtain traction over the 200 Straightforward. Currently price is stalling round the 78.6 Fibonacci retracement level and doesn't look poised to break this amount at the moment.

I'm going out on a limb here but my more term extrapolation for this pair could be a drop back to 1.3000 and open up lines to get a re-test of January lows at 1.2624.

I have a bearish outlook for the EUR/USD. Equities are in a position for a correction and we have powerful correlation between the EUR/USD and US Equities. I am not impressed with the fundamental data out of the US or the EURO. My ideas are risk aversion going with a US dollar rally. ”Usually the first day (of the quarter) will have inflows according to CNBC analysis. A correction is finished because the question is when will we see it. .

Allow me to know if I left anything out. I'm no fundamental guru by any means

I'll be taking a look at Intra-day (1 Hour charts) for trading opportunities following week on spurts of momentum. Bullish or Bearish provided that it is trending momentum I will trade into it. .