The Euro has been trading in consolidation mode against the Dollar following the latest bullish movement. After peaking to 1.2815, the highest level since May 22, the EUR/USD has been trading in range between 1.2770 and 1.2790 with shy attempts to 1.2800 area, where the pair is testing it now. "The EUR rally that started with the ECB decision last week and extended with higher expectations for QE from the Fed has certainly dented the medium term bearish trend," commented the TD Securities' analysts Shaun Osborne and Greg Moore, "particularly with last week’s break above the mid 1.26 area." "Eurozone-US short ... (full story)