The EUR/USD had an unusual week, bizarrely breaking below key support at 1.3500 on Tuesday before consolidating in the upper-1.3400s for the remainder of the week. From a technical perspective, the lack of a bearish continuation after breaking below support is a potential warning sign for sellers, as is the oversold Slow Stochastics. That said, the MACD still shows bearish momentum, so the market may look to fade any shallow bounces toward the 20-day EMA at 1.3550 or the 1.3600 handle later this week. The GBP/USD rolled over last week, dropping back below key previous-resistance-turned-support at 1.7050. The pair’s ... (full story)