The Euro remains locked in a choppy consolidation range after a rebound from support near the 1.13 figure stalled below resistance capping gains since early June. In fact – a brief swoon in mid-August notwithstanding – the pair has barely budged from the same congestion area since late May. Breaking above the outer layer of that barrier – now at 1.1702 – is needed to neutralize the near-term bearish bias. If that were to happen, the next resistance threshold would emerge in the 1.1840-52 area. Alternatively, a reversal back below support in the 1.1530-54 zone opens the door for descent back toward 1.13. Pulling back ... (full story)