Consolidation: EUR/USD continues to trade within the consolidation pattern seen in the 4H chart, which has reflected an indecisive market during the holiday season. As we gear up for the final US session of 2012, the EUR/USD trades under 1.32, near the consolidation support area. If the market is like it has been during the holiday season, it should have a tendency to get back to the middle of the consolidation range, around 1.3230. Scenarios: Technically the EUR/USD has not topped, and the RSI shows maintenance of bullish momentum bias, while the reading remains above 40 after going above 70. Only a break below ... (full story)