Prior to this week’s consolidation, the EURUSD has been making steady declines toward a series of lower lows. With the pair declining as much as 408 pips over the last month, this week’s consolidation has many short term scalpers believing that a fresh breakout is on the horizon. One way to prepare for this scenario is through utilizing a series of momentum analysis technique while identifying key pricing levels So is the EURUSD gearing up for its next breakout? Learn Forex –EURUSD Daily Trend (Created using FXCM’s Marketscope 2.0 charts) After the development of a strong trend price tends to halt and consolidate ... (full story)