EURUSD Daily Support Is Being Supportive

As long as the EURUSD remains above support at 1.2440 the pressure will remain to the upside.  Negative news today in New York wiped the cross around but did not find traction to the downside.  A move above daily support at 1.2530 could lead to a pop higher up towards the .382 fib ar 1.26673.  Trend line support above that level around 1.2730 should cap any rally.  A move below 1.2440 could lead to a test of the monthly lows at 1.23

Sup  1.2440                       1.2385                         1.23

Res   1.2530                       1.2667

 

 

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