Any decent chart watcher knows that there are trendlines and there are Trendlines. What's cool about Thursday's trading in the EUR/USD pair is that it exhibits one of the latter--the kind with the capital "T." This technical prodigy is carrying no less than five daily euro lows on an ascending path, perhaps to a technical breakout on the daily chart. The initial point on the support line is the low of Dec. 14 at $1.2944, which is also the low for a nearly two-month downtrend. Thus the prospect of a corrective higher move for the European currency isn't an idle consideration. The lows of Dec. 15, 19, 20, and, ... (full story)