EUR/USD 1H Chart 12/16/2012 9:55PM EST 3-month high: The EUR/USD surged higher to end last week’s trading (12/14), showing a resurgence of bullish momentum in the 1H chart as the 1H RSI was pulled above 70. This rally ended the week at a 3-month high, which would be broken as a new trading week started (12/17). However, there is some showing of resistance during the 12/17 Asian session, so let’s look at some near-term support factors. Support factors, correction scenario: As we monitor the
