So far, just a range, as EUR/USD struggles to overcome the 38.2% retracement of its 2012 just shy of 1.2600.
A break of support at 1.2465 would trigger a double top pattern on the short-term charts and open the way for a move to the 1.2340/50 area, if Mr. Market follows the textbook definition of a double top.
We do hear talk of continued demand on dips to the 1.2445/65 area, so we could just be in range-trade mode.
