The EUR/USD has lost its upward momentum, weighted by disappointing data across Europe, and fading risk appetite. However, price continues to consolidate in the 1.3330/1.3400 area, with no much signs of easing in the 4 hours chart: after correcting extreme overbought readings, momentum indicator turns back higher in positive territory, while 20 SMA holds a healthy bullish slope, currently offering support around 1.3310. At this stage, waiting for a clearer definition is the best option,
