The EUR/USD starts the week challenging the 1.3100 level, having already been as low as 1.3085 with markets thin and dollar still strong across the board. With little fundamental data scheduled until the European session, currencies will likely trade according to stocks: if local share markets come under pressure, dollar will likely held its strength, and the EUR/USD move one step closer to the 1.30 level. As for the hourly chart, indicators continue to head south after a limited correction of oversold readings, while 20 SMA now converges with the 38.2% retracement of the latest bullish run, both around 1.3180. ... (full story)