The EURUSD is getting close to breaking out of a four-month range. I’ve discussed how the pair needs to clear the range between 1.1615 support and 1.1970 resistance to regain its momentum. If you’ve seen my recent posts, including last weekend’s forecast, you know I’ve favored a break higher. The reason for that is two-fold. First, the EURUSD has been trending higher since March, and that uptrend is intact despite the recent consolidation. Second, the euro is holding above a critical long term level near 1.1450. That 1.1450 area has been the hinge for months now. As long as the EURUSD is above it, I like the pair ... (full story)