Euro/dollar has seen a 212 pip range this past week, representing 89% of the 20 week average (AWR). The major currency pair has closed the week at the 61.8% Fibonacci retrace of the last major swing. This area is seen as key in the near term and is aligned with the W1 200 SMA. Friday closed as an inside day. Any significant price action developments around 1.3350 could help give a near term directional bias. There is a descending trend line located around 1.3430 and any upside move may find some kind of resistance near this technical area of interest. Further to this, key previous resistance is seen approaching the ... (full story)