Pullback to 1.29: The EUR/USD held below 1.29 during the 10/10 session, and established a new low October. However, it was not able to reach 1.28 and instead rallied above 1.29 as we gear up for the 10/11 US session. In the 1H chart, the market appears to be cracking the previous minor resistance pivot at 1.2913. The RSI is pushing above 60, a sign of lost bearish momentum. Upside: The 1.2880 area is the central pivot of the latest price action which has been sideways. The ability to hold under 1.2880, and push above the 200-hour SMA near 1.2920 should be additional clues of a bullish market in the near-term. In this ... (full story)