EUR/USD broke congestion yesterday to the downside but was supported by the 200 period simple moving average in the US session. It then rallied sharply again the Asian-European session breaking through 1.40 and 61.8% retracement of the swing from 1.4548 to 1.3145. The RSI has also returned above 60 after failing to break below 40, a reflection of bullish continuation momentum. The daily chart shows the market about to break the bearish momentum it carried from August as the RSI attempts to break above 60. The market is also going to test the 200 period simple moving average near 1.41. The support now for further bull ... (full story)