EUR/USD broke above vital 1.1055 and 1.1057 to trade 1.1139 and just prior to the 5 year average at 1.1159. EUR/USD then traded lows to 1.1033. EUR/USD remains overbought from lower averages and despite overbought, EUR/USD cross pairs across the board trade deeply oversold. Oversold cross pairs applies to EUR/JPY, EUR/CHF, EUR/NZD, EUR/AUD. For the week, EUR/USD targets 1.0980 on a break of 1.1007. The target at 1.0980 trades just before big lines at 1.0953 and 1.0931. For January, shorts are located at any price around the 5 year average at 1.1159. EUR/USD line up as follows: 1.0899, 1.0891, 1.1061, 1.1159, 1.1275, ... (full story)