Euro was poised to mark a fourth-consecutive weekly rally ahead of the close on Friday with EUR/USD up more than 2% off the yearly lows. The advance takes the exchange rate into a major pivot zone with the monthly opening-range taking shape just below. Battle lines drawn on the Euro short-term technical charts heading into key US inflation data next week. {chart} Technical Outlook: In last month’s EUR/USD Short-term Technical Outlook we noted that a bear market recovery was underway with resistance objectives eyed into “the objective monthly open / 38.2% retracement / 200-day moving average at 1.0792-1.0809- both ... (full story)