The euro hasn't strayed from a tight trading range it has held for months even as global financial markets remain worried by the region's debt crisis and economic malaise, but a look at the charts suggests it is teetering on the brink of down trend. The euro's price action since late-January has carved out "head and shoulders" pattern, one of the most powerful formations technical analysts use to forecast reversals. Euro/dollar has not closed below $1.30 or above $1.35 since January 20. During this time the currency pair tested $1.3026 four times, putting in an firm range bottom. "This is a very rare pattern when ... (full story)