Vranken

EURUSD If we take a look at the Monthly chart

FX:EURUSD   Euro Fx/U.S. Dollar
As you can see EURUSD             has 2 channels to play in on the monthly chart, wich means on lower timeframe charts it still has potential to touch the lowest monthly channel as seen in my 4Hr published idea.

If you look at my RSI in the past you see this similar bounces occure.

EURUSD             might be heading slowly for a Monthly retracement move to the upside after wich it might reach a new bottom around 0.90 as it did in the past and if the bullish channel holds on the low, the EURUSD             might come into a bullish stream.

EURUSD Technical Bearish Outlook
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