EURUSD

The bears are firmly in control here. The long-term cycle, macro, valuation, yields and positioning, are all aligned to the downside.The only pushback comes from risk appetite, cross-asset flows and FX Breadths, which are keeping things from being a complete one-way street.

Bottom line: this is one of the cleaner bearish setups the framework has produced. Look for selling opportunities on rallies.

Strong majority of signals aligned, with only short-term risk dynamics offering any resistance.