Range Continues?

Yesterday EUR/USD failed to break above the resistance at 1.2570 and began descending again, clearly in an attempt to test the support around 1.2250. Personally, I am uncertain whether there is enough volatility in the market for it to break below that support. I think that we might see continuation of the range that has lasted for several weeks now, and the situation might drag on at least until the beginning of January. Of course, if the pair does break below that support, I expect it will continue on its way down to 1.2200, perhaps even lower.