EUR/USD retains a weak technical bias and short-term trend momentum is picking up again after the sideways movement in the EUR through much of November, notes TD. "Having made new cycle lows this week and closing near the lows there is little sign of pressure on the single currency relenting. However, we can point to the lower, tightening range (descending wedge pattern) that has developed since October as one tangible sign that the move lower may be tiring," TD add. As such, TD thinks that if EUR/USD pushes higher through 1.2456, this would be a short-term bullish signal targeting a minor and temporary reprieve for the