EURUSD: 3rd attempt of the 1D Channel Down on the support. Short

The pair has tested the 1.1430 1D support again and was subsequently rejected towards a new Lower High on the 1D Channel Down (RSI = 42.467, MACD = -0.002, B/BP = -0.0042). With the Highs/Lows neutral at 0.0000, the new Lower High should be already priced on E.U. opening (1.1550), so a 3rd test of the 1D support is imminent. Technically it results in a break-out so if the support holds again, the the pair should break higher towards 1.1620. For the time being we remain short with TP = 1.1390, having added another short for 1.1440.