The EURUSD started the week off with a break below support at 1.2920 to test one of the last few levels of solid support at 1.2850 before the year low at 1.2650. A hold of the 1.2850 level would run into resistance starting at 1.2920. There is a bit of data due out tonight that could influence price action. Starting with German GDP followed by the Euro Zone GDP. As always with this pair, trsders must keep an eye out for any news regarding Greece and now Spain. A positive for hour close above the 1.2850 level could attract buying interest.

Sup 1.2850 1.2650

Res 1.2920