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 levels
1.3711      2013 High

1.3525      200 Week Moving Average

1.3486      2012 High

1.3327      100 Week Moving Average

1.3134      Last week’s high

1.3127      100 Week Moving Average

1.2955      Last week’s Low

1.2877      50% Fibonacci

1.2860      200 Day Moving Average


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