The EUR/USD pair has opened the new week within the 1.3000 – 1.3200 consolidation range, as highlighted on the intra-day chart below. The area around the 1.3000 round number area is seen as key as this is likewise aligned with the 200 SMA. Last week had price move above the 61.8% Fib around 1.3160 but the EURUSD pair has not yet seen a close and continuation above this technical level. Any move back up to the 1.3160 – 1.3200 area will need to contend with this previous resistance zone. The hourly chart shows euro/dollar trading above the descending trend line. This could potentially come back into play on any sharp ... (full story)