Forex pairs in this Article » EUR/USD
FXstreet.com (San Francisco) - From the trading desk at RBS: "The EUR has broken up out of the range it has traded in for the last two months, resuming an uptrend over the last four months. The pattern suggests it continues to rise. The next target may be the 50% retracement of the 2011 to 2012 down-move at around 1.350. Those eying a potential head and shoulders bottom pattern may project a rise as high as 1.425."