EURUSD is caught in a 2 cent range around 1.3000 to 1.3200. Range high resistance comes in the form of recent price structure and the 38.2% Fibonacci retrace of the January / October decline. These highs have held during the week as traders did not commit to a directional bias in the face of ongoing uncertainty around the fundamentals. Support was seen just above the 1.3000 psychological round number on the 2/2/2012. A break below this area with high momentum could potentially trigger stops and see high momentum. A failure to sustain below the area could see a resumption of the recent trend higher which looks to have ... (full story)