EURUSD got to with in 10 pips of the next target at 1.3145 which was expected to hold the topside. 1.2965 support did just about hold again as hoped. A break today however cannot be ruled out in this own trend & should target 1.2890/80 & if this fails we should test the 200 day MA at 1.2860. We will be watching for a bounce in this area today.A move higher runs in to resistance at 1.3041. If we manage a push through here look for 1.3094, possibly a retest of 1.3134/37 which would be expected to cap a move to the upside again today.
Long term levels1.3711 2013 High1.3525 200 Week Moving Average1.3486 2012 High1.3327 100 Week Moving Average1.3134 Last week’s high1.3127 100 Week Moving Average1.2955 Last week’s Low1.2877 50% Fibonacci1.2860 200 Day Moving Average
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