The slow but steady EURUSD rally continued for the fourth straight week last week. Although the pair has spent much of this time consolidating, the general momentum has remained bullish as the pair has advanced more than 500 pips since late May. It goes without saying that this pair is exposed to the potential for extreme volatility given the situation in Europe. The fact that EURUSD has been fairly quiet over the past few weeks also lends itself to the idea that increased volatility may be on the horizon. Whether that move will be up or down is anyone’s guess, but as long as the momentum remains bullish I will ... (full story)