I spotted a potential diagonal triangle on EURUSD at 1 hour timeframe, as shown in the chart below. As well as potential bearish divergence which you can spot at the Awesome Oscillator. Break of lower red trendline will confirm this pattern and then I will expect a head and shoulder pattern then bring further downfall…. the first target for short should be around 1.2800 or around 1.2850 then maybe will test the first yellow line.
My outlook is bearish as long as the price hold below 1.2900. Break of that level will target 1.3000 – 1.3100. Today is Bank Holiday in US, so USD may not create problem. Happy trading 🙂