Trendlines: First let’s talk about the falling trendline that held after a relief rally retreated from 1.2930. The 5/16 session saw EUR/USD stuck in consolidation, but the 5/17 Friday US session saw some action as EUR/USD broke below the previous 1.2842 low. This broke another couple of rising trendlines. Both are projected by connect to the 1.2744 2013-low. One goes back to the August 2012 low, the other goes back to the July 2012 low. Both were broken as seen in the daily chart. Wedge support line: However it is tagging a falling line, though this line could hold even if EUR/USD is bearish. It would take some sharp ... (full story)