Consolidation: EUR/USD had a bullish push during the 12/27 US session, which was reversed during the 12/28 Asian-European session before it can make it to 1.33. However, on the way down, the pair was supported above its previous consolidation low at 1.3157 as well, and trades around 1.3225 during the 12/28 Friday US session, smack in the middle of the range seen in the 4H chart between 1.3157 and 1.3306. A clear consolidation range can provide a good point for direction to be developed especially if the consolidation lasts a long time. So far, we have 3 attempts that failed to clear and stay above 1.33, with 2 ... (full story)