Remain Short EURUSD, Targeting Below 1.29

[B]My picks:[/B] Remain Short EURUSD
[B]Expertise:[/B] Global Macro, Classic Technical Analysis
[B]Average Time Frame of Trades:[/B] 1 week - 6 months

To update the pick from yesterday, EURUSD has bounced higher from near-term support at the bottom of a rising channel that has guided the upswing from the lows in early March. Still, the outlines of the bearish setup remain intact and ample room remains until the risk threshold. I will remain short for the time being.