From the beginning of November, EurUsd had a strong bull run with the pair gaining almost 800 pips (and this is a lot for a pretty stable pair like EurUsd). Although the first days of 2021 were strong, the pair couldn't hold gains above 1.23 and dropped under the ascending channel's support. At this point, the sig\ngle currency is correcting this first leg down and a new one could follow soon. My outlook for EurUsd is bearish and the 1.2250-1.2280 zone could offer a good place for short entries.