EUR/USD Technical Update/Price Action Analysis – 24th December The 1.3300 area swing high pinbar from last week was followed by a drop of around 60 pips and a test of the recent range highs. Euro/dollar subsequently found an element of support after the decline to previous 1.3171 area resistance. The swing lower found a bid just above the EUR/USD 1.3138 17/10/12 daily high, an area which is now closely aligned with the 38.2% Fibonacci retrace level as per the D1 chart below. Price is currently trading around the pinbar lows once again and the 18/12/12 high. The prevailing trend, heading into year end, has been ... (full story)