EURUSD Tagged and released the 1.26/2625 zone

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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

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