Consolidation: EUR/USD is still within its recent consolidation range between roughly 1.3306 and 1.3156. However, price action to start 2013 shows another attack at the 1.33 resistance area. The 4H RSI has remained above 40 showing maintenance of bullish momentum in this time-frame. A push back to 70 should reflect bullish continuation, which should also see price above 1.3310. As noted in previous EUR/USD updates, the bullish scenario keeps the 2012-high of 1.3485 in sight. Failure: If there is a failure to push above 1.3306, or if it does and there is a sharp throwback, a hold above 1.3230 should be a good sign... (full story)