EUR/USD 1H Chart 12/18/2012 10:58AM EST Consolidation: The previous EUR/USD update noted the pair consolidating after initially cracking the 1.3170 3-month high. The market pushed it down to around 1.3140 before it found support and started trading sideways. During this consolidation, the bullish momentum in the 1H chart was held as the RSI held above 50. As we get into the 12/18 US session, the market punched above this consolidation, and is breaking the 1.32 handle, with strong bullish
