The Euro is starting the week correcting last week's rally. We see EUR/USD and EUR/CHF form a head and shoulder. The EUR/JPY started to decline sharply, and the EUR/GBP has already retraced 61.8% of last week's rally. The resolve of last week's Euro-bulls are being tested, and we see that in the EUR/AUD as well. The Greenback is also sliding, as we see in the GBP/USD, USD/JPY. The USD/CHF is in a more flat correction, but it can turn into a head and shoulder if 0.96 is broken. Let's take a look at these charts.
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