Against a background of bearish signals for sentiment for this week, selling pressure remains the main feature of EUR/USD trading. Yesterday's decline, primarily in Asia, produced a 5th down day from the last 6 – keeping the market hugging the lower end of a declining Keltner channel. But oversold extremes remain a concern and Asia has been unable to maintain new overnight lows - a bounce that leaves immediate signals for sentiment mildly positive going into this morning's trading with potential to 1.3223 and 1.3245.