Breakout: The EUR/USD topped off to start the week, showed some further bearish inclination but ended up trading in a range under the topping structure. For a couple of sessions it traded choppily and roughly between 1.3250 and 1.3320. During the 1/17 European session, the market pushed the EUR/USD above this range, and back into the previous topping area a sign that bulls are still in charge of this market after not even a 38.2% retracement of January’s rally. Momentum: The 1H RSI failed to hit 30, which reflected weak bearish momentum. A push back to 70 can revive bullish momentum. Meanwhile price action is focused ... (full story)