Rally stalls: The EUR/USD continues to consolidate under a declining trendline that’s held 2012 price action bearish. The daily chart shows a confluence of factors that’s challenging the bull run since late July from the 1.2042 low, the most important one being the trendline going back to the 2/29 and 2012-high of 1.3487. Sideways but bullish: Price action during the 9/10 and so far into the 9/11 session before US trading has been for the most part sideways, as seen in the 1H chart. However, you can also say that the euro has a bullish bias against the US dollar because: 1) The market found support at 1.2750, which ... (full story)