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The EURUSD may have finished its move higher for the week. The cross has moved up to test the 1.26/2625 resistance zone. This level combined with Bernanke cooling the flames on QE3 could stop the pairs accent. A break of the 1.2450 level could indicate a resumption of the downward trend and we could see a retest of 1.2450. I'm looking at any retest of the 1.26/2625 zone as selling opportunities.
Sup 1.2540 1.2450
Res 1.26/2625
FIB Level
.382 1.2667
. 50 1.2784
.618 1.2902
