EUR/USD rallied from 1.3513 to 1.3643 last week. Since then the pair consolidated, with a low at 1.3564. It was also trading between converging trendlines until the 6/24 European session, when price popped up from the 1.36 area. There is some slight, nascent bullish momentum developing in the 1H chart. The moving averages are getting into bullish alignment and price is trading above them. The RSI however swung from above 70 to 30 and is now pushing back to 30. This does NOT reflect bullish momentum, but the breakout is still a breakout and provides a bullish breakout in the 1H chart. Note that around 1.3630, there is ... (full story)