One should always be a little suspicious of all the signals he sees during range, especially if it’s the kind of range that was developing for the past few weeks in the EUR/USD chart. There was a doji candlestick right above the support at 1.1270, and while the pair did move to the upside a little bit, it then fell significantly and headed for the support at 1.1150. I intend to wait and see what will happens when it reaches the aforementioned support – if it breaks below it then the bearish trend continues, but if it forms a double bottom then, I think, we can expect a significant new move to the upside.