Resumed trading the Rectangle. Trend switched to bearish.

The Inverse Head and Shoulders scenario came to fruition as after EURUSD got rejected at 1.17310, it reversed, tested and crossed the 1.15531 Rectangle's support. After it makes a Lower High near 1.1590, the 4H Channel Down (RSI = 43.992, Highs/Lows = -0.0012) will aim at the 1.1510 1D support. If crossed then we should be looking at a first quick 1D gap fill to 1.1390. At the moment we are short, TP = 1.1450.