Candlestick Summary - EUR/USD

We initially sold EURUSD at 1.4881. Prices are have stalled near our fourth revised profit target, finding support at the bottom of a falling channel established from the swing high in early December. Positive RSI divergence hints that an upswing to the channel top just above the 1.40 level is likely from here. We see this as corrective and will remain short, revising our profit target slightly lower to 1.3651 with a close below that level signaling the next leg of the down move. A stop-loss will be activated on a daily close above 1.4251.

Bias: Bearish