Market starts the week pretty much where it closed on Friday, with dollar slightly up as concerns over no immediate solution over US fiscal cliff, keeps the mood to the downside. And while the holiday season is about to start, concerns won’t ease. All eyes will remain focused on the US although a strong lack of volume may see price not actually reflecting full market sentiment. Anyway, and for the short term, there is a slightly bearish tone in the EUR/USD hourly chart, as price trades below 20 SMA while indicators head south below their midlines, suggesting a ride towards the 1.3140 support area, 38.2% retracement ... (full story)