The EUR/USD pair continues to trade within the 1.3000 – 1.3200 consolidation range, as can be seen on the (fig 1) intra-day chart below. The area around the 1.3000 round number remains as a key technical point of interest as this is likewise aligned with the D1 200 SMA. Price has once again tested the 61.8% Fib around 1.3160 but the EURUSD pair has not yet seen a close and continuation above this technical level on the hour 4 timeframe or higher. A sustained breakout of this range is needed inorder to gain a directional bias. (full story)