Breakout: After some bearish trading within a falling channel since the beginning of February, the EUR/USD is starting to challenge this bearish outlook as the 2/13 European session pushed price above the channel resistance as seen in the 4H chart. This breakout is in the direction of the trend of a larger degree. Note that price has remained above the 200-SMA, although the smaller averages converged, reflecting a period of consolidation, but still maintenance of overall bullish trend. Momentum: The RSI showed loss of bullish momentum when it almost tagged 30. It is now at 60, a break above which will show loss of ... (full story)