The US dollar has declined versus most of its major currency peers today, with the EURUSD pair has holding above the key 1.3000 round number area and 200 day SMA. The strong upside candle on Wednesday gave a warning shot to the EURUSD bears that the recent downside trend could be threatened in the near term. There has not yet been a continuation above Wednesdays high but the inside day candle is currently trading near the range high. A sustained break above this inside day high could bring a potential third touch scenario of the embryonic trend line around 1.3335. (full story)