Bullish Breakout: After consolidating between 1.33 and 1.34, the EUR/USD is starting the 2/20 session with a bullish breakout. As price broke the range, the RSI reading also came up above 70, showing bullish momentum, although maybe slightly overbought in the very near-term (pre-European session). After this break to the upside, a throwback that stays above the 1.3350, central pivot area of the range, would maintain bottoming action and suggest further bullish correction against the February decline, or even a bullish continuation with the prevailing trend going back to July 2012. Trendline Break: The rally showing ... (full story)