I initially sold EURUSD at 1.4328 and trailed our stop-loss to breakeven after the pair met my initial objective, revising my soft target to 1.3416. Prices have now broken support at the bottom of a falling channel set from early May, pointing to bearish acceleration, but early signs of RSI divergence hint that a corrective bounce over the near term may come first. I will continue to hold short, looking at any such recovery as an opportunity to add to the position. My stop-loss and soft target levels will remain unchanged until a daily close below 1.3416 materializes.
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