Following up with the latest EUR/USD update, we now see the pair sitting around the swing projection target of 1.2270 after reaching a new low for the week during the 8/10 European session at 1.2260.The RSI reading shows a tad bullish divergence showing a slowing of the decline relative to the swing during the 8/9 session. The 50% retracement at 1.2240 and the 1.2250 handle is an area of support, but the key factor to monitor now is the rising trendline seen in the 4H chart. This is around the 1.22 psychological handle, and 1.2195, the 61.8% retraement of the 1.2042 to 1.2442 bull run. Below these factors, the market ... (full story)