Double top: Heading into the Christmas holiday, EUR/USD was completing a double top, which it did as seen in the 1H chart. However, bears lost steam over the beginning of this week and Christmas creating a range between 1.3232 and 1.3157. Attention should turn from the double top to this range now. As we get into the 12/26 US session, it appears the EUR/USD is losing even more sense of direction as it starts to converge, or show triangle congestion. Volatility indeed is shrinking even after Christmas. Bullish breakout scenario: At this point, a return of volatility and a break above or below the Christmas range ... (full story)