Rally: After a brief consolidation to start the week, the EUR/USD started to rally from the 1.29 area toward the 1.30 handle as we begin the 12/11 US trading session. In the previous update, I noted the short-term implication of a break above 1.2950, which is exposure to the resistance factors around 1.30.Resistance, momentum: 1.30 is a psychological pivot for EUR/USD and has shown to be an area of resistance since late November. Also note that the RSI is pulling back up after kissing 30. If the market has turned bearish, or even if it has turned into one of consolidation, the RSI tends to be held at under 60. On the ... (full story)