EUR/USD Holds Lower-High ResistanceEuro / U.S. DollarFOREXCOM:EURUSDFOREXcomPerhaps it's a buy the rumor sell the news event, or maybe it's just squaring up ahead of a really big week of U.S. drivers, but so far this week EUR/USD is putting in a sizable sell-off. Notably, the rally last week ran through the ECB rate decision and price held at a lower-high as bulls suddenly got shy around tests of resistance. This retains bearish potential given the breach of the rising wedge and the lower-lows that printed a couple of weeks ago, which led into the bounce of lower-highs last week. Also notable is where that resistance held - right around the 78.6% Fibonacci retracement of the 2021-2022 major move, as that held the highs on Friday ahead of today's sell-off. If looking for USD-weakness, I think there could be more amenable pastures elsewhere, such as GBP/USD. But for USD-strength, EUR/USD makes a compelling argument given the current technical structure. - js