Our weekend EUR/USD technical update highlighted the 1.2875 area price pivot zone, which had confluence with a 50% retrace, as a potential support area. Price has subsequently moved as low as 1.2885 and fallen just short of this level prior to seeing an extended upside move during early week trading. The low of the week came after a touch of the ascending trend line as per the euro/dollar daily chart below. A break higher came after the inside day formed on Monday and the subsequent rally has found intra-day resistance at the key 1.3000 level/50% retracement area from the last swing lower. The EUR/USD is up 0.53% on ... (full story)